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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In deciding where to operate along its production possibilities frontier, a society is answering the question of
a. which goods and services should be produced with its scarce resources b. what production methods should be used to produce goods and services c. how will output be allocated among the individuals in the society d. what prices will be charged for goods and services e. how much will it trade with other societies in the world
A deductible is a fixed amount that the insured person must pay before their insurance kicks in.
Answer the following statement true (T) or false (F)
Senator Noitall says that in order to help poor countries develop, the United States should: 1 . Encourage poor countries to allow U.S. and other foreign firms to build and operate businesses in their country; 2 . Reduce or eliminate subsidies to U.S. producers when poor countries have a comparative advantage producing goods the U.S. subsidizes; 3 . Work to promote political stability in poor
countries; and 4 . Reduce poor countries reliance on market forces in their economies. How many of these ideas are likely to help poor countries grow? a. 1 b. 2 c. 3 d. 4
The measure of the money stock called M1 includes
a. wealth held by people in their checking accounts. b. wealth held by people in their savings accounts. c. wealth held by people in money market mutual funds. d. everything that is included in M2 plus some additional items.