Multiple Choice
An increase in spending has what impact in the short run and long run?
A) Only prices are impacted in the short run, and only output is affected in the long run.
B) Only output is impacted in the short run, and only prices are affected in the long run.
C) Both prices and output are impacted in the short run, and only prices are affected in the long run.
D) Both prices and output are impacted in the short run, and only output is affected in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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