Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; higher
C. higher; potential
D. lower; higher
Answer: A
Economics
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Different people may have different tastes, but their tastes do not change over time
a. True b. False
Economics
Consider the graph. What would most likely be the cause of a shift from D1 to D2?
A. A tax on sellers
B. A tax on buyers
C. A subsidy for sellers
D. A subsidy for buyers
Economics