Economists distinguish between the short run and the long run by noting that:
A) no inputs can be varied in the long run.
B) some inputs cannot be varied in the short run.
C) input prices are subject to fluctuations in the short run.
D) output prices are subject to fluctuations in the long run.

Question

Quizplus · Accepted Answer

In the short run, some inputs (such as fixed capital) cannot be varied, while in the long run, all inputs can be adjusted.

Economists Distinguish Between the Short Run and the Long Run