Examlex
Development of which complication is considered a never event?
Money Supply
At any given time, the total economic assets available in an economy, which consist of cash, coins, and the balances in checking and savings accounts.
Long Run
A period of time sufficient for all inputs in the production process to be adjusted, including both fixed and variable resources.
Short-Run Equilibrium
A state in which market supply equals market demand at a particular price level, but where all factors of production and costs are not fully adjustable.
Long-Run Equilibrium
A state in which economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change.
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