1. A difference between the economic long run and the short run is that:
a. the classical dichotomy holds in the short run but not in the long run.
b. monetary and fiscal policy affect output only in the long run.
c. demand can affect output and employment in the short run, whereas supply is the ruling force in the long run.
d. prices and wages are sticky in the long run only.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “1. A difference between the economic long run and the short run is that: a. the classical dichotomy holds in the short run but not in the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » 1. A difference between the economic long run and the short run is that: a. the classical dichotomy holds in the short run but not in the long run. b. monetary and fiscal policy affect output only in the long run. c.