Question

Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of this economic condition will likely be:

Answer 1

short-term

Step-by-step explanation:

Based on the information provided within the question it can be said that the duration of this economic condition will likely be short-term. Meaning that it will only last a small amount of time, mostly because this is a problem that needs to / and can be solved in order to increase the economic production to full potential and increase firm revenue.