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 ________, 

An index number is important only in a relative sense -- in comparison to an index number from another period

a. True b. False

For decades, the NCAA restricted the number of college football and basketball games that could be televised, and in 1982 the University of Georgia and the University of Oklahoma sued the NCAA under the federal antitrust laws. In 1984, the Supreme Court

decided the case A) for the NCAA, citing the fact that belonging to the NCAA was voluntary. B) against the NCAA, citing that the NCAA did not control what television networks put on the air. C) against the NCAA, citing anticompetitive practice. D) against the NCAA, citing explicit collusion among the larger colleges.