The short-run refers to a period
A)of a few days.
B)when prices and wages cannot fully adjust.
C)of a few years.
D)during which trend cannot change.
E)of analysis used in the classical model

Question

Quizplus · Accepted Answer

The short-run refers to a period when prices and wages cannot fully adjust. This typically refers to a period of a few months to a couple of years, during which the economy is still adjusting to changes in supply and demand, and prices and wages are relatively inflexible.

The Short-Run Refers to a Period