A recession with inflation is know by what term?
stagflation
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
A natural monopoly
a. is a monopoly in the production of raw materials. b. occurs when one firm can supply the entire market more cheaply than can a number of firms. c. is one result of a patent. d. results from decreasing returns to scale.
Gross domestic product is the sum of:
A. the market values of all final goods and services produced within a country in a given period of time. B. the market values of all intermediate goods and services produced within a country in a given period of time. C. all final goods and services produced by a country's citizens in a given period of time. D. the market values of all final goods and services produced by a country's citizens in a given period of time.
The only way to increase the size of the real GDP in the ____________ zone of the SRAS curve is for AS to shift to the right.
a. neoclassical b. intermediate c. Keynesian d. Say