In Economics, How Long Is the Long Run

question 192

Multiple Choice

In economics, how long is the long run?

• A) More than 12 months
• B) 24 months or longer
• C) 5 years or more
• D) Whatever time it takes a firm to vary all inputs

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Definitions:

Great Saphenous Vein

The longest vein in the body, running along the length of the leg, used often as a site for grafts in coronary artery bypass surgery.

Venous Insufficiency

A disorder where the veins have problems sending blood from the limbs back to the heart, causing swelling and pain.

Open-Heart Surgery

A surgical procedure to repair or replace heart valves, repair damaged or diseased parts of the heart, and to implant devices to support heart function.

Capillary Refill Time

A quick test performed to estimate blood circulation, where a fingernail is pressed to turn it white and the time for color to return is measured.