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What Is the Best Definition of the Short Term in the Short-Term

Question 92

Multiple Choice

What is the best definition of the short term in the short-term model?


A) about two years
B) There is no such thing as the short term.
C) the length of time for short-term deviations to return to their long-run values
D) the length of a recession
E) the amount of time the economy spends at its potential output

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