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Why are the long-run effects of an increase in aggregate demand on price and output different from the short-run effects?
2 Years
A common timeframe used in business planning and projections to evaluate performance and milestones.
Sole Proprietorship
A business structure where an individual owner operates the company and is personally responsible for its debts.
Personally Responsible
Taking ownership and accountability for one's actions and duties, being reliable in fulfilling obligations and commitments.
Injuries
Physical harm or damage to the body caused by accidents, falls, hits, weapons, or other external forces.
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