The short run in macroeconomics is a period in which nominal wages remain ﬁxed even as the
general price level changes.

Name: The short run in macroeconomics is a period in which nominal wages remain ﬁxed even as the general price level changes.
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In the short run, nominal wages are assumed to be sticky or fixed, which means they do not adjust immediately in response to changes in the general price level. This is due to factors such as contracts, social norms, and resistance from workers.

The Short Run in Macroeconomics Is a Period in Which