Economists distinguish between the short run and the long run by noting that

Question

Darryl Chan

Social Studies

1 January, 04:30

Economists distinguish between the short run and the long run by noting that

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Answers (1)

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Samantha · Answer 1

I believe the answer is: some inputs cannot be varied in the short run

For most economic decisions, we need to implemented for a long period of time before we could see a certain result.

This often make presidents become falsely accredited for the economic decisions that made by the past presidents.