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    Modern Principles of Economics
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    Exam 13: Business Fluctuations: Aggregate Demand and Supply
  5. Question
    The "Long Run" Is a Period of Time
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The "Long Run" Is a Period of Time

Question 78

Question 78

Multiple Choice

The "long run" is a period of time:


A) long enough that prices and wages are sticky.
B) long enough that prices and wages are fully flexible.
C) longer than 1 year.
D) longer than 3 years.

Correct Answer:

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