The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B
B. recessionary; C
C. recessionary; A
D. expansionary; A
Answer: C
Economics
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An increase in rent will ordinarily lead to
A. an increase in usage of land that was formerly idle. B. a decrease in total land employed. C. less-intensive usage of land. D. a decrease in the income of landlords.
Economics
A production possibilities curve represents
What will be an ideal response?
Economics