Asked by Coco
Multiple Select Question
Select all that apply
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
Select all that apply
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
Answers
Answered by
GPT-4o mini
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.
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.