The Short Run in Macroeconomic Analysis Is a Period

question 153

Multiple Choice

The short run in macroeconomic analysis is a period

• A) in which wages and some other prices do not respond to changes in economic conditions.
• B) in which full wage and price flexibility and market adjustment have been achieved.
• C) of less than 12 months.
• D) in which all macroeconomic variables are fixed.

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