Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as

When the government reduces its restrictions on immigration,

a. the prices of goods rise because the demand for goods increases b. immigration is reduced c. labor mobility is reduced d. wage differentials become narrower e. all workers are better off

The poverty gap is

A. the percentage of people in households with income under the poverty line. B. that level of income sufficient to provide a family with a minimally adequate standard of living. C. the amount of money the poor must earn from work. D. the total amount of money that would have to be transferred to households in poverty to lift them out of poverty.