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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The principle of comparative advantage explains specialization and trade among countries but not among individuals
a. True b. False Indicate whether the statement is true or false
Suppose that a new government is elected in Eurnesia. The new government takes steps toward improving the court system and reducing government corruption. The citizens of Eurnesia find these efforts credible and outsiders believe these changes will be effective and long lasting. These changes will probably
a. raise real GDP per person and productivity in Eurnesia. b. raise real GDP per person but not productivity in Eurnesia. c. raise productivity but not real GDP per person in Eurnesia. d. raise neither productivity nor real GDP per person in Eurnesia.
What percentage of college students attends a publicly funded college or university?
A. 20% B. 40% C. 75% D. 30%
Capital tends to flow into markets earning short-run profits and out of markets suffering short-term losses.
Answer the following statement true (T) or false (F)