Suppose there is a small change in the rate of productivity growth. What would be the effects on output in the short run and long run?

a)

a small effect on output in the short run, and a small effect on output in the long run

b)

a large effect on output in the short run, and a large effect on output in the long run

c)

a small effect on output in the short run, but a large effect on output in the long run

d)

a large effect on output in the short run, but a small effect on output in the long