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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The labor supply curve has a positive slope if the
A) substitution effect outweighs the income effect. B) income effect outweighs the substitution effect. C) demand for labor is elastic. D) demand for labor is inelastic.
The way in which a corporation is structured and the impact a corporation's structure has on the firm's behavior is referred to as
A) structural behavior. B) corporate governance. C) structure composition theory. D) corporate taxation.
A prolonged recession in Europe should decrease the
a. supply of U.S. dollars. b. demand for U.S. dollars. c. supply of U.S. goods and services. d. demand by Americans for euros.
The greater demand for paid childcare services as women's labor force participation increases represents primarily:
A. a decrease in GDP. B. a switch from market to non-market production. C. a decrease in economic activity. D. a switch from non-market to market production.