When studying the effects of public policy changes, economists

a. always refrain from making assumptions.
b. sometimes make different assumptions about the short run and the long run.
c. consider only the direct effects of those policy changes and not the indirect effects.
d. consider only the short-run effects of those policy changes and not the long-run effects.

b

Economics

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What will be an ideal response?

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What explains the rise in income in the U.S. between 1900 and 2013?

A) business cycles B) inflation C) recessions D) depressions E) none of the above

Economics