Multiple Choice
What impact will a permanent decrease in the supply of a major input have on real output?
A) It will increase real output in both the short run and the long run.
B) It will increase real output in the short run but not in the long run.
C) It will decrease real output in the short run but not the long run.
D) It will decrease real output in both the short run and the long run.
Correct Answer:

Verified
Correct Answer:
Verified
Q150: Which of the following could be expected
Q151: In the Keynesian model,which of the following
Q152: What would happen to the price level,real
Q153: What will an increase in the price
Q155: Figure 9-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5766/.jpg" alt="Figure 9-3
Q156: In the Keynesian AE model,if the autonomous
Q157: Which of the following statements about the
Q158: Which of the following statements about the
Q159: Other things being equal,under what circumstances will
Q171: A disaster that destroys a large part