In the classical model of the price level, there is NO distinction between the short run and the long run.

Name: In the classical model of the price level, there is NO distinction between the short run and the long run.
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In the classical model, there is no concept of short run and long run. The model assumes that prices and wages are flexible and adjust quickly to changes in supply and demand, bringing the economy to equilibrium in the short run and the long run.

In the Classical Model of the Price Level, There Is