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; B; C
B. Falling; A; C
C. Falling; A; B
D. Rising; A; C
Answer: D
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Which of the following is true about the United States?
A. There has only been one recession in U.S. history. B. There have been recessions every couple of years throughout U.S. history. C. Recessions have never occurred in the United States. D. Recessions have occurred periodically in U.S. history. E. Recessions in the United States have generally been worse than in other countries.
Most income in the United States is earned by business owners as profit
Indicate whether the statement is true or false
From 2007 to 2012, the amount of assets owned by the Fed approximately
A) doubled. B) tripled. C) quadrupled. D) quintupled.
If output decreases, which of the following would occur?
a. Prices of non-labor inputs, input requirements per unit of output and unit costs would all increase and the economy would move upward along the aggregate supply curve. b. Prices of non-labor inputs, input requirements per unit of output and unit costs would all decrease and the economy would move upward along the aggregate supply curve. c. Prices of non-labor inputs, input requirements per unit of output and unit costs would all increase and the economy would move downward along the aggregate supply curve. d. Prices of non-labor inputs, input requirements per unit of output and unit costs would all decrease and the economy would move downward along the aggregate supply curve. e. Prices of non-labor inputs would decrease, input requirements per unit of output would increase and the economy would move upward along the aggregate supply curve.