A difference between the economic long run and the short run is that: A) monetary and...
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A difference between the economic long run and the short run is that: A) monetary and fiscal policy affect output only in the long run. B) prices and wages are sticky in the long run only. C) the classical dichotomy holds in the short run but not in the long run. demand can affect output and employment in the short run, whereas supply (K/L, H/L and technological growth g)is the ruling force in the long run. D) A difference between the economic long run and the short run is that: A) monetary and fiscal policy affect output only in the long run. B) prices and wages are sticky in the long run only. C) the classical dichotomy holds in the short run but not in the long run. demand can affect output and employment in the short run, whereas supply (K/L, H/L and technological growth g)is the ruling force in the long run. D)
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Answer D Demand can affect output and employment in the short run whereas supply KL HL an... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-1337119207
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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