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:

Unwelcome News

Information that is received unfavorably or with displeasure, often because it is upsetting or negative.

Careful Organization

The meticulous arrangement and structuring of elements to ensure coherence and effectiveness.

Major Supporting Points

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