In economics, the short run is an expression used to describe events that take at least two to three weeks to unfold.
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Q17: The long-run effect of a decrease in
Q18: If a shock to aggregate demand occurs,
Q19: The medium run is usually
A)two to three
Q20: The initial response of real GDP to
Q21: Suppose real and potential GDP are initially
Q23: In the short run, when government purchases
Q24: The short-run effect of a change in
Q25: The long-run overall effect of decreased government
Q26: If exports permanently decline, we would expect,
Q27: The IA line does not shift in
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