Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. The efficient level of output of this product is
A. 0.
B. 15.
C. 20.
D. indeterminate from this information.
Answer: B
Economics
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Starting from long-run equilibrium, an adverse inflation shock results in a short-run equilibrium with ________ inflation and ________ output.
A. lower; lower B. higher; lower C. higher; higher D. higher; potential
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A decrease in interest rates can ________ the demand for stocks as stocks become relatively ________ attractive investments as compared to bonds
A) decrease; less B) increase; more C) decrease; more D) increase; similar E) increase; less
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A decrease in the number of firms in a market will cause supply to increase
Indicate whether the statement is true or false
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If the MPC = 0.9, the multiplier would be:
A. 0.1. B. 2. C. 9. D. 10.
Economics