Describe the 11 Years That Elapsed Between the Declaration of Independence

question 63

Essay

 Describe the 11 years that elapsed between the Declaration of Independence and the signing of the Constitution in 1787.

---

Definitions:

Long Run

A period in economics during which all inputs and operations can be varied, allowing for the adjustment to changes in market conditions or demand.

Very Long Run

In microeconomics, a period of time long enough that technology can change and firms can introduce new products.

Derived Demand

The demand for a product or service that arises from the demand for another product or service it helps to produce.