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
You might also like to view...
Answer the next question on the basis of the data given for two regions, East and West, of a hypothetical world. The nations have the production possibilities for units of food and clothing given below.East Production PossibilitiesWest Production Possibilities ABCD ABCDFood241680Food4530150Clothing04812Clothing051015Which of the following is true?
A. For the West region, the cost of 5 units of clothing is 10 units of food. B. For the East region, the cost of 8 units of food is 8 units of clothing. C. For the West region, the cost of 15 units of food is 5 units of clothing. D. For the East region, the cost of 4 units of clothing is 6 units of food.
If the demand curve increases while the supply curve remains unchanged, the equilibrium price would decrease
a. True b. False Indicate whether the statement is true or false
Which of the following observations concerning health care service providers is true? a. Health care providers possess very little market power
b. Price discrimination and collusive behavior are likely to occur. c. Price discrimination is uncommon in the pharmaceutical industry. d. "Natural health care monopolies" are a rarity.
Voluntary programs for reducing pollution
A. have been more successful in the United States in encouraging recycling than any other type of program. B. are most appropriate when surveillance and enforcement are impractical. C. work most reliably when voluntary reduction of pollution over a long period is encouraged. D. are enforced by legal authority.