The government sometimes grants a firm the exclusive right to market a good or process for a fixed period of time. This is called

Refer to Figure 23-2. If the U.S. economy is currently at point K, which of the following could cause it to move to point N?

A) Household wealth declines. B) The price level in the United States falls relative to the price level in other countries. C) The interest rate rises. D) Congress abolishes investment tax incentives.

Many economists think that, in the long run, the economy tends to move toward

a. the natural or full-employment rate of unemployment. b. the natural or full-employment rate of inflation. c. a severe slump with high unemployment. d. an accelerating rate of inflation.