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
You might also like to view...
Suppose that the banking system currency has no excess reserves and that a bank receives a deposit into a checking account of $10,000 in currency
If the required reserve ratio is 0.20, what is the maximum amount that the BANKING SYSTEM can lend out? A) $8,000 B) $10,000 C) $40,000 D) $50,000
The gross domestic product (GDP) of a country measures the _____
a. market value of all intermediate goods and services produced by resources located within the country b. market value of all goods and services produced by resources located outside the country c. market value of all final goods and services produced by resources located within the country d. value added to the economy by intermediate goods and services minus original cost e. value of the total sales of financial assets
Karl Marx envisioned communism as an economic system that blends the best elements of capitalism and socialism
a. True b. False Indicate whether the statement is true or false
Following deregulation in the airline industry,
A. small carriers have gone out of business but large carriers have not. B. large carriers have gone out of business but small carriers have not. C. both large carriers and small carriers have gone out of business. D. neither large carriers nor small carriers have gone out of business.