One implication of the Keynes quote, "In the long run we are all dead," is that:
A) the economy is always in its long-run equilibrium.
B) we know with certainty what the long run is.
C) the long run is made up of a sequence of short runs.
D) there is no difference between the long and short runs.
E) there is no short run.

Question

Quizplus · Accepted Answer

The quote implies that the long run is made up of a sequence of short runs, as Keynes is emphasizing the importance of focusing on the present and addressing immediate economic problems rather than solely planning for the distant future. The other answer choices are incorrect because they do not align with the meaning of the quote.

One Implication of the Keynes Quote, "In the Long Run