Asked by
Josue Floressantiago
on Oct 12, 2024
Verified
Which economist said,"In the long run,we are simply in another short run"?
A) Adam Smith
B) Abba Lerner
C) Theordore K.Quinn
D) Karl Marx
Abba Lerner
An economist known for his contributions to Keynesian economics, particularly his work on the theory of functional finance.
Adam Smith
An 18th-century Scottish economist and philosopher known for his theories on free market economies and the concept of the "invisible hand."
Karl Marx
A 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his influence on the development of socialism and communism.
- Comprehend the concept of the long run in economic theory.
Verified Answer
NT
Learning Objectives
- Comprehend the concept of the long run in economic theory.