Multiple Choice
Economist John Maynard Keynes is famous for saying, "In the long run, we are all dead." He is referring to the:
A) length of time it can take the economy to recover to potential GDP without policy intervention.
B) permanent inflation that results in long-run adjustments.
C) fact that no policy can affect the long-run equilibrium.
D) notion the economy is sure to collapse in the long run.
Correct Answer:
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