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

Economics

You might also like to view...

Social Security payments are examples of

A) transfer payments. B) nondurable goods. C) durable goods. D) services.

Economics

Why is collusion more likely in a repeated game?

What will be an ideal response?

Economics

Unemployment will decrease over time if:

a. actual GDP increases faster than potential GDP. b. actual GDP increases at the same rate as potential GDP. c. acutal GDP remains the same but potential GDP increases. d. actual GDP increases at a less than proportionate rate than potential GDP. e. actual GDP decreases but potential GDP increases.

Economics

Monopolistically competitive firms differentiate their products by:

A. selling products with slightly different physical characteristics. B. selling products at different locations. C. creating a special aura or image for the product with advertising. D. All of these

Economics