Economist John Maynard Keynes is famous for saying, "In the long run, we are all dead." He is referring to the:
A. fact that no policy can affect the long-run equilibrium.
B. notion the economy is sure to collapse in the long run.
C. length of time it can take the economy to recover to potential GDP without policy intervention.
D. permanent inflation that results in long-run adjustments.
Answer: C
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