Examlex
The short run in macroeconomics is the period in which
Union of Events
A set operation that combines all the outcomes of two or more events, with no duplicate outcomes.
Occurs
Happens or takes place in a particular situation or context.
Disjoint Events
Two events that cannot happen at the same time, meaning they have no outcomes in common.
Conditional Probability
The likelihood of an event or outcome occurring, given that another event has already occurred.
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