However, in terms of its long-run effect on the job market, budget policy is overrated.

However, little is known about the long-run effects of the hurricane on the mental health of those who were exposed.

He has changed the way economists think about everything from the long-run effects of government deficits to the forces that favor economic growth.

So even if the initial motive was ignoble, the long-run net effect may create a more caring society.

The long-run effect is that it takes less and less labour-time to produce a commodity.

The old man said persistently: "I think a little emotion might have a long-run effect.

Firms have been concerned with short run success and often not taken into account the long-run ecological, social and economic effects from their activities.

The theory goes under several names, with some variation in its details, but all modern versions distinguish between short-run and long-run effects on unemployment.

It was just another glaring example of how people in general could not be trusted to think in terms of the long-run effects.

Some economists worry, with good reason, about their long-run effect on economic growth.