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

A. lower; potential
B. higher; higher
C. lower; higher
D. higher; potential

Answer: D

Economics

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A musician was guaranteed by the government that no one else could replicate or sell his music CDs. This is an example of a:

A) brand. B) patent. C) copyright. D) trademark.

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Given a fixed nominal interest rate on a loan, unanticipated inflation:

a. decreases the burden of paying off the loan. b. increases the burden of paying off the loan. c. does not alter the burden of paying off the loan. d. benefits savers.

Economics