One Major Difference Between the Short-Run and Long-Run Macroeconomic Analysis

question 24

Multiple Choice

One major difference between the short-run and long-run macroeconomic analysis is that:

• A)in the short-run prices are fully flexible while in long-run they are not.
• B)in the short-run prices are sticky while in long-run they are fully flexible.
• C)in the short-run stickiness of prices would guarantee the long-run price inflexibility.
• D)the price stickiness in the long-run guarantees the flexibility of prices in the short-run.

---

Definitions:

Educational

Related to the process of teaching and learning, aimed at developing knowledge, skills, values, and attitudes.

Individual

A single human being as distinct from a group, class, or family, often emphasizing personal agency and identity.

Successful Communication

The process of conveying or sharing information effectively between individuals or groups, ensuring the intended message is received and understood.

Equally Participate

The principle or condition of having all members or parties involved in a process or activity with identical levels of involvement and opportunity.