Multiple Choice
A severe drought hits a country and reduces farm output by 50 percent.In the short run,this will ________ output and ________ employment.
A) decrease; decrease
B) decrease; increase
C) decrease; have no effect on
D) have no effect on; have no effect on
E) increase; increase
Correct Answer:
Verified
Correct Answer:
Verified
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Q42: The economy is in short-run equilibrium when<br>A)
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Q45: Suppose that an increase in the price
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