The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 

A. recessionary; A
B. recessionary; C
C. recessionary; B
D. expansionary; A

Answer: D

Economics

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Structural unemployment:

A. Is generally less than cyclical unemployment B. Cannot be reduced with demand side policies C. Includes cyclical unemployment D. Is generally greater than cyclical unemployment

Economics

Which of the following is an example of a vertical merger?

A) Northwestern Idaho University merging with McDonald's. B) Northwestern Idaho University merging with a training academy for new professors. C) Northwestern Idaho University merging with Roosevelt University. D) Northwestern Idaho University going from a public to a private university.

Economics