In some macroeconomic analyses, it is common to treat the level of productivity as roughly constant. This is a justifiable assumption in
A)macroeconomics but not microeconomics.
B)both the long run and the short run.
C)the long run.
D)the short run.
E)neither the long run nor the short run.

Question

Quizplus · Accepted Answer

In the short run, productivity is often assumed to be constant because changes in technology or efficiency typically take time to implement and are not immediate.

In Some Macroeconomic Analyses, It Is Common to Treat the Level