The difference between the long-run and short-run frameworks is that the long-run framework focuses on demand while the short-run framework focuses on supply.
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Q2: Keynesian economists believe:
A)government policies do not affect
Q3: The laissez-faire policy prescription to eliminate unemployment
Q4: Laissez-faire economists favor government intervention in the
Q5: Laissez-faire economists believe:
A)government policies are largely ineffective
Q6: Which of the following statements would a
Q8: Before the Great Depression the popular view
Q9: Policy issues of business cycles are considered
Q10: The four phases of the business cycle
Q11: Keynesian economists tend to focus their analysis
Q18: Cyclical unemployment is caused by fluctuations in
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