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What are the three time horizons that influence how quickly output and input prices can change?
Multiple select question.

Short run

Extended long run

Immediate short run

Long run

Medium run

1 answer

The three time horizons that influence how quickly output and input prices can change are:

  1. Short run
  2. Long run
  3. Medium run

The "Immediate short run" is not typically used as a standard time horizon in economic analysis, and "Extended long run" is not a commonly recognized term.