Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.

Which of the following is a statement of positive economics?

a. Government control of rent is a fair way to help poor people afford housing. b. Government control of rent keeps landlords from charging too much rent. c. Government control of rent decreases the number of new apartments constructed. d. Government control of rent is an injustice.

Reserve requirements exist primarily to prevent bank failures

a. True b. False Indicate whether the statement is true or false