Question

If the general level of prices is lower than business decision makers anticipated when they entered into long-term contracts for raw materials and other resources, which of the following is most likely to occur?

a. an economic boom
b. highly attractive profit margins
c. output less than the economy's long-run potential
d. a sharp increase in imports

Answer 1

c.

Step-by-step explanation:

output less than the economy's long-run potential