Examlex
Name and define any two structural dimensions and any two contingency factors.
Long-Run
A period in economics where all factors of production and costs are variable, and all market adjustments to changes have been completed.
Aggregate Supply
The complete production of goods and services within a country's economy at an established price level over a defined period.
Recession With Inflation
A situation characterized by rising inflation during a period of economic downturn, leading to high unemployment and stagnant demand.
Short Run
A period in economic analysis where at least one input is fixed and cannot change.
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