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
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What will be an ideal response?
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a. it minimizes the deadweight loss from taxation b. leisure becomes an inferior good c. it is identical to an in-kind payment in terms of utility d. it is easy to administer
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