One Major Difference Between the Short-Run and Long-Run Macroeconomic Analysis

question 24

Multiple Choice

One major difference between the short-run and long-run macroeconomic analysis is that:

• A)in the short-run prices are fully flexible while in long-run they are not.
• B)in the short-run prices are sticky while in long-run they are fully flexible.
• C)in the short-run stickiness of prices would guarantee the long-run price inflexibility.
• D)the price stickiness in the long-run guarantees the flexibility of prices in the short-run.

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