Place point B on the graph to indicate where the United States economy operated in 1943.
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To state that the resources of the economy are finite implies that
a. we cannot live without them b. we always want more of them c. they are nonrenewable d. at least some of them are renewable e. there is a fixed quantity of them at any point in time
Central Banks
What will be an ideal response?
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Periods of price deflation, such as the Great Depression, are characterized by
A) low nominal rates but high real rates of interest. B) low nominal and real interest rates. C) real rates of interest lower than the nominal rate of interest. D) high nominal and real rates of interest.