When we look at the ________ run, we are concerned with the ________.
A) short; causes of economic fluctuations
B) long; causes of economic fluctuations
C) short; determinants of economic growth
D) long; causes of inflation
E) long; money supply

Question

Quizplus · Accepted Answer

The short run is typically associated with economic fluctuations and business cycles, which are mainly caused by factors such as changes in aggregate demand, supply shocks, and monetary and fiscal policy. The long-run, on the other hand, is more concerned with the potential for economic growth and the determinants that affect it, such as technology, capital accumulation, and labor productivity. Therefore, option A is the best choice as it correctly matches the short-run with the causes of economic fluctuations.

When We Look at the ________ Run, We Are Concerned