The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 

A. recessionary; A
B. recessionary; C
C. recessionary; B
D. expansionary; A


Answer: D

Economics

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?Hair Pins /hourBandanas /hourNigel410Mia93Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 18.3. Nigel's opportunity cost of producing one bandana is:

A. 1/4 of a hair pin. B. 2/5 of a hair pin. C. 2.5 hair pins. D. 4 hair pins.

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Explain how IMF conditionality has changed over time

What will be an ideal response?

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Which of the following is the most likely to be a fixed factor of production at a pizza restaurant?

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