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thinking in the long run has its advantage as the economy can shift so quickly in the short run that it's hard to keep up
thinking in the long run has its advantage as the economy can shift so quickly in the short run that it's hard to keep up and predict what exactly will happen, while in the long run you have an idea of where the economy will end up. In the short run, inflation may rise causing unemployment to drop and vice versa in short bursts, but looking in the long run, they bounce back and forth so they level out
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