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
You might also like to view...
Prior to agreeing to join NAFTA, Mexico had followed a free trade policy for more than 30 years
Indicate whether the statement is true or false
Explain why labor might not always be a variable input
What will be an ideal response?
According to purchasing-power parity, if prices in the United States increase by a smaller percentage than prices in the United Kingdom, then the
a. real exchange rate rises. b. nominal exchange rate rises. c. real exchange rate falls. d. nominal exchange rate falls.
When a country's exports of goods are less than its imports of goods in a given period, it has a
A. current account surplus. B. capital account deficit. C. trade surplus. D. trade deficit.