If in 2016, a woman made $90,000 on the job, $30,000 from a consulting business she operated, and $10,000 in dividends on stock she owned, she would owe old-age Social Security taxes on

Refer to Figure 13-3. Which of the points in the above graph are possible short-run equilibria but not long-run equilibria? Assume that Y1 represents potential GDP

A) A and B B) B and D C) A and C D) C and D

Many economists think that, in the long run, the economy generally tends to move toward: a. an accelerating inflation rate

b. a stable price level. c. the natural or full-employment rate of inflation. d. the natural or full-employment rate of unemployment.