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

You might also like to view...

A normal profit for a self-employed entrepreneur is I. an opportunity cost. II. part of the implicit rental rate of the funds invested in the business

A) only I B) only II C) both I and II D) neither I nor II

Economics

Why do wild salmon populations face the threat of extinction while goldfish populations are in no such danger?

Economics