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

Unemployment is a ________ concept, measuring the ________

A) stock; number of people who are not working B) stock; number of people at a point in time who are not working but who are looking for work C) flow; number of people who are first entering the labor force D) flow; number of people who lost their jobs within the last week

In the figure above, the single-price, unregulated monopoly sets a price of

A) $80 per unit. B) $60 per unit. C) $40 per unit. D) $0 per unit.