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 ________. 

A. Rising; A
B. Falling; A; C
C. Falling; B: C
D. Rising; A; C

Answer: B

Economics

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The new growth theory states that

A) it is impossible to replicate production activities. B) technological advances are the result of discoveries and choices. C) the subsistence level income leads to technological advances. D) technological advances are the responsibility of the government. E) technological advances are the result of random chance.

Economics

When a California farmer decides to harvest lettuce using machines instead of by migrant workers, the farmer is answering the ________ part of one of the two big economic questions

A) "how" B) "for whom" C) "scarcity" D) "what"

Economics