The difference between the medium run and the long run is that inflation is constant in the long run.

Name: The difference between the medium run and the long run is that inflation is constant in the long run.
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In the long run, inflation is expected to be constant as prices and wages adjust to changes in supply and demand. In contrast, in the medium run, inflation may fluctuate due to temporary factors such as changes in oil prices or government policies.

The Difference Between the Medium Run and the Long Run