Inflationary GDP is the amount by which equilibrium real GDP falls short of the full employment level of GDP.

All of the following were true in the South except

(a) Slaves had little or no status in courts of law. (b) Slave marriages (when there was a ceremony) were not legal, binding contracts. (c) Slaves' property was legally their own. (d) Slaves' own children were not theirs to control; slaves were property.

Downward sloping long-run supply curves occur in markets

A) with learning-by-doing. B) with increasing returns to scale. C) with constant returns to scale. D) Either A or B