Refer to the graph shown. If expected inflation is 6 percent, the economy will be in long-run equilibrium at point:

Refer to Figure 2-2. Suppose Vidalia is currently producing 20 dozen orchids per period. How many roses is it also producing, assuming that resources are fully utilized?

A) 30 dozen roses B) 50 dozen roses C) 100 dozen roses D) 150 dozen roses

Excess supply of a product exerts ___________pressure on prices

a. Zero b. No c. Upward d. Downward