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25 October, 19:14

Which of the following represents a long run adjustment

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  1. 25 October, 19:31
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    Long run adjustments are adjustments made in response to the current state of the economy. Examples of these adjustments are:

    General price level Wage rates Expectations

    These changes occur when increases and decreases in demand affect the price or production and cause a company to adjust for equilibrium.
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