A vertical aggregate supply curve favors which of the following policies?
A. Discretionary policy
B. Fiscal policy
C. The Fed's eclecticism
D. Fixed rules
D. Fixed rules
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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
A major contributor to a country's real rate of economic growth is its real GDP growth relative to its
A) inflation. B) unemployment rate. C) money growth. D) none of the above.
For a perfectly competitive firm, the marginal revenue product is equal to the marginal product multiplied by the output price
a. True b. False Indicate whether the statement is true or false
Over a ten year period, the monthly charge for cellular phone service decreased from $120 per month to $30 per month. At the same time, the number of subscribers increased from less than 10 million to more than 75 million. Which of the following provides the best explanation for these changes?
A. An increase in consumer income over this ten year period B. A reduction in the price of residential phone service, a substitute for cellular phone service C. An increase in the wages of workers in the cellular phone industry D. Technological improvements that reduced the cost of supplying cellular phone service