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
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For a given level of total utility, ________
A) there is exactly one indifference curve B) there are exactly two indifference curves C) there are exactly three indifference curves D) there are exactly four indifference curves
During 2005, the tax rate on the top income bracket in the U.S. tax system was _____
a. 28 percent b. 31 percent c. 35 percent d. 39 percent
An auction for mineral rights on an unexploited oilfield can be characterized as
a. A common value auction b. A private value auction c. Highest value d. None of the above
In the long-run, the price level in the economy will change the same direction as aggregate demand
a. True b. False Indicate whether the statement is true or false