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
Economics
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There are ways that policymakers could reduce the costs of inflation without reducing inflation
a. True b. False Indicate whether the statement is true or false
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Which of the following is a characteristic of "public goods"?
What will be an ideal response?
Economics
If a 10% increase in price increases the quantity supplied by 15%, the price elasticity of supply is 0.67.
Answer the following statement true (T) or false (F)
Economics
What is the key difference between the short-run and long-run in terms of elasticity of supply?
A. Fixed productive capacity B. Labor changes C. No changes can be made to capital or labor D. No difference
Economics