Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A
B. Falling; A; C
C. Falling; B: C
D. Rising; A; C
Answer: B
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Which of the following mergers would result from the purchase of a paper mill by a textbook publishing company?
a. An interlocking merger. b. A vertical merger. c. A conglomerate merger. d. A horizontal merger.
The Herfindahl-Hirschman index
A. is no longer applicable to the American economy. B. measures the degree of concentration within an industry. C. seldom goes above 100. D. falls as the degree of concentration rises.
Which of the following statements is NOT true?
A. Economics is the study of how people allocate their limited resources to satisfy their unlimited wants. B. Economics does not use theories. C. Economics is a social science. D. Economics is an empirical science.
Which formula is correct?
A. Yd + S = C B. Yd × S = C C. Yd = S + C D. Yd + C = S