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
You might also like to view...
Under TANF, the time limit for receiving benefits during a lifetime is
A. 12 years. B. 13 weeks. C. 60 months. D. 5 months.
Would you expect a tax on cigarettes to be more effective at discouraging consumption over the long run or the short run?
A. Long run because demand becomes more elastic over time B. Long run because demand becomes less elastic over time C. Short run because demand becomes more elastic over time D. Short run because demand becomes less elastic over time
The threat of a strike
a. can serve as an incentive for labor and management to reach an agreement b. destroys incentives for labor and management to reach an agreement c. is usually not taken seriously because employers know the workers will suffer during a strike d. is not taken seriously unless management expects to suffer e. is not taken seriously if public safety is at risk
In the above figure, the optimal level of pollution cleanup is
A. Q1. B. Q2. C. Q3. D. Q4.