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...
Social Security taxes and Medicare taxes are both progressive taxes
Indicate whether the statement is true or false
Economics
Unlike with Social Security taxes, there is no threshold on earnings beyond which the Medicare tax collection stops
Indicate whether the statement is true or false
Economics
Government decreasing taxes is an example of:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. expansionary monetary policy. D. contractionary monetary policy.
Economics
Under ________ there are many firms selling identical products
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
Economics