Which of the following would be most likely to shift the long-run aggregate supply curve (LRAS) to the right?
a. favorable weather conditions that increased the size of this year's grain harvest
b. an increase in resource prices relative to product prices
c. an increase in labor productivity as the result of improved computer technology and expansion of the Internet
d. an increase in the cost of security as the result of terrorist activities
C
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Suppose there are only two countries in the world, Mexico and the United States. In the foreign exchange market, it follows that the
A) demand for pesos is linked to the demand for dollars. B) demand for pesos is linked to the supply of pesos. C) supply of pesos is linked to the demand for dollars D) supply of pesos is linked to the supply of dollars. E) none of the above
heck My Work Use the following scenario for the question below. A group of 100 people seeks out an insurance company to underwrite health insurance for its members. The expected medical spending for the group is $150,000. If an additional 10 people, who have expected medical spending of $5,000 per person on average, join the group, the new premium will be approximately:
a. $2,300. b. $1,818. c. $5,822. d. $2,090. e. $2,139.
Ceteris paribus, if African countries experience a drought and purchase food from the United States, the currencies of the African countries should
A. Appreciate, and the dollar should depreciate. B. Depreciate, and the dollar should appreciate. C. Appreciate, and the dollar should appreciate. D. Depreciate, and the dollar should depreciate.
Final goods:
What will be an ideal response?