Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.

In the above figure, the economy is initially at point B. Then the price level falls by 10. The wealth effect will help

A) move the economy to point A. B) move the economy to point C. C) move the economy to point D. D) keep the economy to point B.

Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are

A. Substitutes in production. B. Unrelated in the sawmill operator's decision. C. Complements in production; by-products. D. None of the choices are correct.