Starting from long-run equilibrium, a decrease in autonomous investment results in output in the short run and higher; higher higher; potential lower; potential lower; higher output in the long run.
Starting from long-run equilibrium, a decrease in autonomous investment results in output in the short run and higher; higher higher; potential lower; potential lower; higher output in the long run.
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter8: Aggregate Demand And The Powerful Consumer
Section: Chapter Questions
Problem 2TY
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