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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One of the problems associated with the utilitarianism is that it does not recognize that

A) taxing those with higher incomes results in less work effort. B) each individual receives a different marginal benefit from a dollar's worth of income. C) equity is achieved when there is no poor and no rich. D) similar individuals should be treated the same.

Economics

a country's level of economic freedom is influenced by

What will be an ideal response?

Economics