Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as

GDP is defined as the market value of all ________ in a given time period

A) final goods produced in a country B) final goods and services produced by citizens of a particular country regardless of where in the world they are located C) final goods and services produced in a country by only the citizens of the country D) final goods and services produced in a country

Which of the following is FALSE? All the BRICs

A) rank among the world's top 10 in population. B) have been transformed by reforms. C) have become more isolated and focused on domestic issues. D) are among the world's top 11 economies. E) have yet to fully realize their economic potential.