Multiple Choice
What is the definition of the short run?
A) a period of time when there is an expansionary gap and firms run their plants only for short periods
B) a period of up to one year long
C) a period of time when resource buyers and sellers can adjust fully to changes in the price level
D) a period of time during which resource buyers and sellers CANNOT adjust fully to changes in the price level
Correct Answer:
Verified
Correct Answer:
Verified
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