Suppose the economy begins in a short-run recessionary equilibrium. As price expectations and wages adjust and the economy moves from

Suppose the economy begins in a short-run recessionary equilibrium. As price expectations and wages adjust and the economy moves from the short-run equilibrium to the new long-run equilibrium, Group of answer choices firms are willing to produce less because input costs are falling firms are willing to produce more because input costs are falling firms are willing to produce more because input costs are rising firms are willing to produce less because input costs are rising


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