Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes...

Question

Question

Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes...

Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes affect _____________.

Question 5 options:

	only the short-run; only the long-run
	only the short-run; both the long-run and the short-run
	both the long-run and the short-run; only the long-run
	both the long-run and the short-run; both the long-run and the short-run

business economics

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Answer 1

Answer #1

Events that cause temporary changes in the economy affect only the short run (because the results of these temporary events can be solved in the long run) and events that cause permanent changes affect only the long run (permanent changes shift the long run aggregate supply curve).

Answer: option A

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Answer 2

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Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes...

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Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes...

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describe temporary and permanent income changes

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Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes...

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Add Answer to: Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes...

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Events that cause temporary changes in the economy affect _____________ and events that cause permanent changes...