In the short run, the prices of many goods and services are sticky or inflexible and unable to rapidly change. This stickiness can be due to various factors, including contracts, menu costs, and the reluctance of businesses to change prices frequently. As a result, prices may not adjust quickly to changes in supply and demand, leading to short-run fluctuations in quantities sold and produced.
In the short-run, the of many goods and services are sticky or inflexible and unable to rapidly change.
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