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 
A. long-run aggregate supply shifting leftward
B. Short-run aggregate supply shifting upward
C. Short-run aggregate supply shifting downward
D. Aggregate demand shifting leftward
Answer: B
Economics
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a. True b. False Indicate whether the statement is true or false
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The APC can be defined as the fraction of a:
A. change in income that is not spent. B. change in income that is spent. C. specific level of total income that is not consumed. D. specific level of total income that is consumed.
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