Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 

If an increase in price from $1.20 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units,

a. demand is elastic b. demand is inelastic c. demand is unit elastic d. supply is elastic e. supply is inelastic

The market that coordinates the exchange of productive inputs between the household and business sectors is the

a. stock market. b. goods and services market. c. resource market. d. loanable funds market.