Multiple Choice
In macroeconomics, the long run refers to:
A) how long it takes for the prices of inputs to fully adjust to changes in economic conditions.
B) the time period over which sticky wages occur.
C) the time period the government uses to make budget projections.
D) a firm's profits in the next fiscal year.
Correct Answer:
Verified
Correct Answer:
Verified
Q83: A negative relationship exists between the price
Q84: An increase in production costs will shift
Q85: Falling output in the short run could
Q86: When the economy is operating at a
Q87: During a recession, analysts at the CBO
Q89: Lower interest rates cause:<br>A) firms to invest
Q90: Because the prices of final goods and
Q91: When prices rise, the interest rate:<br>A) also
Q92: A(n) _ relationship exists between the price
Q93: The relationship between government spending and the