Refer to the Figure Below

question 46

Multiple Choice

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; C
• B) Rising; B; C
• C) Falling; A; C
• D) Falling; A; B

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Definitions:

Self-Control

The capacity to manage one's feelings, ideas, and actions when confronted with desires and sudden urges.

Illicit Sex

Sexual activities that are considered illegal, socially unacceptable, or morally forbidden.

Sensation Seekers

Individuals who seek out experiences that are varied, novel, complex, and intense in order to achieve heightened states of arousal.

Smoke Cigarettes

The act of inhaling and exhaling the smoke produced by burning tobacco or other substances contained in cigarettes.