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

Question

Quizplus · Accepted Answer

In the short run, it is often reasonable to treat the level of productivity as roughly constant because productivity changes typically occur over longer periods due to factors like technological advancements, changes in workforce skills, and capital investments. In the short run, these factors do not change significantly, making the assumption of constant productivity more justifiable.

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