a. a small impact on output in both the short-run and the long-run
b. a large impact on output in both the short-run and the long-run
c. a small impact on output in the shortrun but a large impact in the long run
d. a large impact on output in the short run bat a small impact in the long run
e. no effect on out at all
This question was asked on Jun 04, 2011 and answered on Jun 05, 2011.
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