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What Is the Difference Between the Short Run and the Long

question 17

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What is the difference between the short run and the long run in macroeconomics?


Definitions:

Determinism

The philosophical idea that all events, including moral choices, are completely determined by previously existing causes.

Human Actions

Behaviors or activities initiated by humans, often considered within the context of morality, intentionality, and free will.

Jean-Paul Sartre

A 20th-century French existentialist philosopher, playwright, novelist, and political activist, known for his explorations of freedom, consciousness, and existence.

Kant

Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and metaphysics.

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