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...
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
During the 1990s, deadweight losses per job saved through tariffs and quotas in the apparel industry
A) were greater than the wages earned in apparel jobs. B) were small enough to ignore. C) were less than the value of the jobs saved. D) increased net national welfare.
Foreign trade will have no impact on real GDP when
A. exports exceed imports. B. exports equal imports. C. imports exceed exports. D. exports equal zero.
If the MPC is 0.5, the tax multiplier is
A. -2.5. B. -2. C. -1.67. D. -1.