My hunch is the benefits will be overestimated in the short run but underestimated in the long run.
As a country we need to do four things: We need to stimulate in the short run, cut in the long run, tax to raise revenues, and invest for the future.
Well, in the long run, guess what: in the long run, original wins.
Moreover, the decrease in employment will be greater in the long run than in the short run, as employers shift to labor-saving methods of production.
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In this era of global conflict, such penny-foolish-and-pound-reckless measures could prove not only to be harmful in the short run, but possibly disastrous in the long run.
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In the short run this meant sacrifices, but in the long run it worked out almost magically.
Yet each firm has sunk so much capital in plants that it is strongly tempted to use the capacity to build extra cars that fetch enough revenue to cover marginal costs in the short run, but not total costs in the long run.
You also have the employer of the programmer who has higher profits in the short-run, and lower prices in the long-run.
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Interestingly, while Argentina faces an energy crisis, experts think that fuel-oil imported from Venezuela cannot resolve the Argentinean energy problem in the long run and scarcely in the short run.16 It seems Kirchner has become an ally of Hugo Chavez because he feels that he represents a new spirit in Latin America.
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There is abundant evidence that a 10 percent increase in the minimum wage leads to a 1 to 3 percent decrease in employment of low-skilled workers (using teens as a proxy) in the short run, and to a larger decrease in the long run, along with rising unemployment.
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Many see that as both good and bad news--good news for investors in the short run, since it raises the dividend yield, but bad news in the long run, since it means Lennar sees less likelihood that it will need the cash it paid in dividends to finance the building of more new homes.
In the short run, prices can go anywhere, but in the long run they are inevitably driven by rental values.
The costs of the social-security system are set to soar, in the short term because of the slump and in the long run because the country is ageing so fast.
It is often said that the stock market in the short run is a voting machine and a weighing machine in the long run.
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We're not going to save in the long run and even the short run savings.
However, the benefits of such an approach loom significantly larger particularly in the long run, in the form of greater customer loyalty.
Further, it is assumed that bonds are relatively safer than stocks in the short run, but stocks outperform relative to bonds in the long-run.
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The reality is, in the very long run prices in the stock market will reflect value.
So in the long run the economy suffers terribly, but in the short run, it may look very good.
If you find the above totally unconvincing, just remember that in the long run, the supply of labor is just as important in determining the level of domestic employment as the demand for labor.
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At last year's meeting, however, directors persuaded 73% of those voting to resist the temptation to grab the money and run, arguing that they would get better value in the long run from having their mortgages and savings with a mutual organisation.
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And cutting the budget, while essential in the long run, is only going to hurt the economy in the short run.
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Say what you will about the costs and benefits of policies promoting clean energy in the long run, the evidence suggests that those policies are putting large numbers of people to work in the United States.
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In regards to the second issue, which in the long run is probably the more important one, calls for a new and tighter regulation are becoming stronger by the day.
This can be done without slowing the path of life-saving drugs to patients, and, although it will cost a great deal of money in the short term, it could save the U.S. government money in the long run by making sure that the benefits of the medicines we take outweigh the risks.
"Saving lives in the short run by making it harder for people to die when they make an attempt saves lives in the long run, " Miller said.
The intent is therapeutic, but in the long run the cure is more deadly than the disease.
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The local manager, Vladimir Zhamirashvilli believes that in the long run, the pipeline will help modernize towns like Tetritsqaro.
With overall wages rising, especially for the low income groups, there is an enormous potential in the long run for the consumer retail market.
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Although the prices would settle down in the long run, the impact would add significant value to the BP stock at the end of this quarter.
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