Which of the following is most likely to cause the long-run aggregate supply curve to shift rightward?
a. A rise in energy prices
b. A drop in the actual price level
c. An increase in the demand for leisure hours
d. An increase in the level of investment spending that is less than the depreciation of the capital stock
e. A technological breakthrough with widespread practical applications
e
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If the government of a country is maintaining an overvalued currency against the dollar, then the:
A) quantity of dollars demanded will exceed the quantity of dollars supplied in the foreign exchange market. B) quantity of dollars demanded will equal the quantity of dollars supplied in the foreign exchange market. C) quantity of domestic currency demanded will exceed the quantity of dollars supplied in the foreign exchange market. D) quantity of dollars supplied will exceed the quantity of dollars demanded in the foreign exchange market.
A budget constraint illustrates bundles that a consumer prefers equally, while an indifference curve illustrates bundles that are equally affordable to a consumer
a. True b. False Indicate whether the statement is true or false