The long run is a period of time when all prices have adjusted to equilibrium prices.
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Q18: Potential GDP is represented by points 1
Q19: Figure 6.3.1 Q20: Unemployment is represented by points 1 inside Q21: Long-run aggregate supply represents the macroeconomic performance Q22: The long run is a period of Q24: Long-run aggregate supply represents the macroeconomic performance Q25: The long run is a period of Q27: Inputs do not appear on the graph Q28: Unemployment is represented by points on the Q32: The short run is a period of
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