Technological Progress Will

question 160

Multiple Choice

Technological progress will

• A) shift the SAS curve rightward but will not shift the LAS curve.
• B) shift both the LAS and SAS curves rightward.
• C) not shift either the LAS or the SAS curve.
• D) shift the LAS curve rightward but will not shift the SAS curve.

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The nominal exchange rate is the rate at which one country's currency can be traded for another's, not adjusted for inflation.

Nominal Exchange Rate

The rate at which one currency can be exchanged for another without adjusting for inflation, representing the current market price.