Page 1 of 1
Suppose the economy is in long-run equilibrium. Then because of the COVID pandemic, people become worried about their fu
Posted: Sun Jun 05, 2022 4:30 pm
by answerhappygod
- Suppose The Economy Is In Long Run Equilibrium Then Because Of The Covid Pandemic People Become Worried About Their Fu 1 (21.64 KiB) Viewed 95 times
Suppose the economy is in long-run equilibrium. Then because of the COVID pandemic, people become worried about their future income and retain that worry for some time. How is the new long-run equilibrium different from the original one? a. the price level is the same and GDP is lower. b. both price and real GDP are higher. O c. the price level is lower and real GDP is the same. O d. both price and real GDP are lower.