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
You might also like to view...
Which of the following represents ownership of a firm?
A) commodities B) stocks C) bonds D) loans E) short-term securities
Economics
When policy makers decide to revalue the currency, such an action generally represents
A) an increase in the pegged value of the domestic currency. B) a decision to let the currency float. C) a reduction in the foreign price level. D) an increase in the domestic price level. E) none of the above
Economics