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 Harvard experiment found the answer to "Why is private health insurance so expensive?" is:
A) adverse selection - healthier patients don't want expensive coverage. B) adverse selection - poorer patients want more free health care. C) adverse selection - Harvard employees wanted more extensive coverage. D) adverse selection - health care subsidies resulted in unhealthy patients wanting more coverage.
By the late 1950s, dollars held by foreign central banks exceeded the official dollar value of U.S. gold reserves
Indicate whether the statement is true or false
Which of the following is part of Keynesian economic theory?
a. total output adjusts to aggregate expenditure b. the aggregate supply curve is horizontal c. businesses adjust their level of output to meet the demand for output d. All of these.
If a good is produced with technology that allows the best producer to supply every customer at a low cost and every customer in the market wants to enjoy the good supplied by the best producer, the best producer will be called a