Since a long run consists of many short runs,the classical model is

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The classical model is paradoxically quite accurate in the long run; however, it is not very accurate in the short run. This is because the assumptions of the classical model (such as flexible prices and wages) may not hold in the short run, leading to deviations from the predicted outcomes. However, over a longer period of time, these deviations tend to even out and the classical model's predictions become more accurate.

Since a Long Run Consists of Many Short Runs,the Classical