The long run can be distinguished from the short run because in the long run
A) an equilibrium is reached between aggregate supply and aggregate demand
B) resources are no longer scarce
C) firms produce at capacity
D) the inflation rate is zero
E) technological advances come to an end

Question

Quizplus · Accepted Answer

The Answer of The long run can be distinguished from the short run because in the long run
A) an equilibrium is reached between aggregate supply and aggregate demand
B) resources are no longer scarce
C) firms produce at capacity
D) the inflation rate is zero
E) technological advances come to an end

The Long Run Can Be Distinguished from the Short Run