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
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The idea that what’s good for one person may not be good for all people is known as the
a. cause-effect fallacy. b. fallacy of composition. c. moral hazard problem. d. disequilibrium position.
The percentage of women in the U.S. labor force ___________ between 1880 and 1920
a. increased b. decreased c. remained relatively constant
When regulators use a marginal-cost pricing strategy to regulate a natural monopoly, the regulated monopoly
a. will experience a loss. b. will experience a price below average total cost. c. may rely on a government subsidy to remain in business. d. All of the above are correct.
The average consumer at a firm with market power has an inverse demand function of P = 10 ? Q. The firm's cost function is C = 2Q. If the firm engages in two-part pricing, what is the optimal price to charge a consumer for each unit purchased?
A. $1 B. $4 C. $0 D. None of the answers are correct.