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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a. True b. False Indicate whether the statement is true or false
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A. a balance of trade deficit. B. a balance of trade surplus. C. a positive terms of trade. D. a negative terms of trade.
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A. price is equal to average cost. B. price is greater than average cost C. the market is in long-run equilibrium. D. price is less than average cost.
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