Refer to Figure 17-2. At which point are inflation expectations equal to the actual inflation rate?

The best output or the optimal production of the nation is:

A. A combination of products at the midpoint of the production possibilities curve B. A combination of products at the two endpoints of the production possibilities curve C. Determined by equalizing the marginal benefits and marginal costs of each product D. The production combination where the opportunity costs are minimized

The distribution of income primarily determines which of the fundamental economic questions?

A) What goods and services are to be produced? B) How the goods and services are to be produced? C) Who will receive the goods and services produced? D) How will the economy be planned?