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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In a country with floating exchange rates, the increase in the real income is the result of a(n) ________ in the money stock when capital mobility is ________
A) increase; high or low B) decrease; high or low C) increase; high D) decrease; low
A monopsony is an example of:
A. a buyer holding market power. B. a seller holding market power. C. an efficient market with no market power. D. a single seller holding all market power.
My neighbor ________ is an example of an external benefit.
A. smoking a cigarette in my presence B. dumping hazardous chemicals on a stream that passes through my property C. playing loud music on his radio that I can hear D. keeping the leaves from his trees away from my yard
Potential GDP is always greater than real GDP in an economy
Indicate whether the statement is true or false