When Studying the Effects of Changes in Public Policy,economists Believe

question 237

Multiple Choice

When studying the effects of changes in public policy,economists believe that

• A)it is important to distinguish between the short run and the long run.
• B)the assumptions used in studying those effects should be the same for the short run as for the long run.
• C)the short-run effects of those changes are always more beneficial to society than are the long-run effects.
• D)the long-run effects of those changes are always more beneficial to society than are the short-run effects.

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Definitions:

Type A Personality

A personality pattern characterized by high levels of competitiveness, self-imposed stress, impatience, and a constant sense of urgency.

Time Urgency

A feeling of constant pressure to complete tasks and meet deadlines, leading to a fast-paced and often stressful lifestyle.

Hostile

Exhibiting or characterized by unfriendliness, aggression, or opposition, often resulting in a tense or adversarial interaction.

Corporate Stress

Stress experienced by employees due to factors in the workplace, including workload, deadlines, and company culture.