Macy's Is Closing Another $100$ Stores

Macy's will close $15$ percent of its department stores and employees at closed stores may be offered jobs in nearby stores. Premiere Macy's locations could be scaled back.

Walmart plans to shut down $269$ stores.

Nearly $44,000$ retail workers have been laid off in $2016.$

Amazon and other online retailers are expanding.

Source: CNNMoney, August $11,201$

Which of the items in the news clip involves a short$-$run decision and which involves a long$-$run decision? Explain.

The decisions to $$ are short$-$run decisions because they $q,$

A$.$ close $15$ percent of Macy's department stores and scale back Macy's premiere locations; deal with stores located in North America

B$.$ close $15$ percent of Macy's department stores, scale bacck Macy's premiere locations, shut down $269$ Walmarts, and lay off $44,000$ retail workers; are Glecisions that were made within the last two years

C$.$ scale back premiere Macy's stores and lay off nearly $44,000$ retail workers, change a variable factor of production but not a fixed factor of production

D$.$ expand Amazon and other online retailers; change capital but not necessarily the number of employees

The decisions to $q,$ are long$-$run decisions because they $q,-$

A$.$ close $15$ percent of Macy's department stores, shut down $269$ Walmarts, and expand Amazon and other online retailers; change the firms' plants

B$.$ lay off $44,000$ retail workers; are changes to labour which affect people for the long term

C$.$ close $15$ percent of Macy's department stores and scale back Macy's premiere locations; all deal with stores located in North America

D$.$ implement any of the actions in the news clip; are about changing factors of production