Refer to the given figure.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Falling; B: C
B. Rising; A; C
C. Falling; A; C
D. Rising; A


Answer: C

Economics

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spending. A) decline; increases; encouraging B) rise; increases; discouraging C) rise; reduces; encouraging D) decline; reduces; discouraging

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Most nations do not push the rate of economic growth to the maximum because

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When the economy goes into a recession and firms require less labor, managers tend to:

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Economics