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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Indicate whether the statement is true or false
The MPC and MPS measure changes in consumption expenditure and saving that result from changes in
A. expected inflation B. disposable income C. expected future income D. government expenditures on goods and services.
What is producer surplus? What does producer surplus measure?
What will be an ideal response?
When graphing a demand curve for corn, we are showing the relationship between the quantity demanded of corn and the
A) money price of corn. B) relative price of corn. C) income effect. D) substitution effect.