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Economics

1. Consider the forces that led to the Great Depression. In the very short run, the effect of these forces would be _________ in the price level and _________ in real output.

A - decrease, no change

B - none of the listed options

C - decrease, decrease

D -no change, decrease

E - increase, decrease

2. Consider again the Great Depression. The long run effect of the forces cited above would be _________ in the price level and _________ in real output.

A - no change, decrease

B - none of the listed options

C - increase, decrease

D- decrease, decrease

E - decrease, no change

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92196980

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