59.8k views
3 votes
Economists distinguish between the short run and the long run by noting that

User Edper
by
5.6k points

1 Answer

6 votes
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.
User Tankobot
by
6.3k points