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

GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies

a. 1960 b. 1970 c. 1980 d. 1990 e. 2000

Budweiser typically purchases several 30 second advertising spots during the Super Bowl at a very high cost. Miller Brewing Co typically does not advertise during the Super Bowl. Which of the following is correct?

a. Budweiser chooses to signal during the Super Bowl, while Miller Brewing Co. does not. b. Budweiser chooses to screen during the Super Bowl, while Miller Brewing Co. does not. c. Miller does not advertise during the Super Bowl because it has a superior product and the audience already knows that. d. Budweiser's advertisements during the Super Bowl are entertaining but convey no information about the quality of its products.