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Business, 07.04.2020 17:00 natalie3734

How do we distinguish in the model between the short run and the long run? A. In the short run price level is fixed; in the long run, it is flexible. B. In the short run exchange rates are fixed; in the long run they are flexible. C. The short run is up to one year; the long run is over a year. D. The short run is up to 3 months; the long run is over 3 months.

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