Consider the short run and the long run time frames used in macroeconomics. the definition of the short run is select one: a. the time period when supply of money is fixed b. the time period when the labor force participation rate is fixed c. the time period before the economy has fully adjusted to an unexpected change in aggregate demand d. the time period when inflation is positive

The time period before the economy has fully adjusted to an unexpected change in aggregate demand

Explanation:

The time period before the economy has fully adjusted to an unexpected change in aggregate demand.

In the long run, all inputs become variable and thus capital and investment can be added to the production functions to adjust for increased demand. However, in the short run only labor is a variable factor and thus for an increase in aggregate demand there is a time lag and other factors cannot adjust to account for increased demand. In the long run, these factors adjust and form a long run equilibrium when the lag is settled.

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explanation:

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi