Refer to the above figure. Which of the following points indicates an unobtainable point of production?

The claim that inflation is necessary for development is based on the idea that

a. rapidly rising demand is necessary to spur productive activity b. the problems brought on by inflation will attract foreign aid c. the process of structural change naturally forces prices up in some sectors, while other sectors'prices do not fall d. higher prices will force people to work harder e. none of the above

There have been no major banking panics in the U.S. since the creation of the Federal Reserve System

a. True b. False