The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________.  

The buyers and sellers who trade a particular good or service make up what we call a:

A. negotiators. B. market. C. store. D. mall.

Economist John Maynard Keynes is famous for saying, "In the long run, we are all dead." He is referring to the:

A. fact that no policy can affect the long-run equilibrium. B. notion the economy is sure to collapse in the long run. C. length of time it can take the economy to recover to potential GDP without policy intervention. D. permanent inflation that results in long-run adjustments.