Voluntary exchange between buyers and sellers generates ________ in a market economy

The economy's long-run aggregate supply curve

a. never shifts b. indicates that in the long run, the price level is constant c. is shifted by demand shocks d. is a vertical line at the full-employment level of output e. is perfectly elastic

When expansionary monetary policy pushes real interest rates to an artificial low, the Austrian view of the business cycle predicts this will lead to

a. an increase in aggregate demand and a lengthy expansion in real output. b. a recession, followed by a strong and lengthy expansion in real output. c. malinvestment during an economic boom, followed by a recession. d. malinvestment during a temporary recession, followed by a strong and lengthy economic boom.