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
You might also like to view...
An option allowing the owner to sell an asset at a future date is a
A) put option. B) call option. C) futures contract. D) forward contract.
Which of the following countries has a Lorenz curve that is furthest away from the perfect equality line? a. Brazil
b. The United States. c. Czech Republic d. All have equal income distributions.
Which of the following is the best definition of gross domestic product (GDP)?
Leslie purchased 100 shares of GT, Inc., stock on Wednesday, June 7th. Marti purchased 100 shares of GT, Inc. stock on Thursday, July 8th. GT declared a dividend on June 20th to shareholders of record on July 12th and payable on August 1st. Which one of the following statements concerning the dividend paid on August 1st is correct given this information?
a. Neither Leslie nor Marti are entitled to the dividend. b. Marti is entitled to the dividend but Leslie is not. c. Both Marti and Leslie are entitled to the dividend. d. Leslie is entitled to the dividend but Marti is not. e. Both Marti and Leslie are each entitled to one-half of the dividend amo