Multiple Choice
What impact will a permanent increase in the supply of a major input have on real output?
A) It will increase real output in both the short run and the long run.
B) It will decrease real output in both the short run and the long run.
C) It will decrease real output in the short run but not the long run.
D) It will increase real output in the short run but not in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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