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When differentiating between short-run aggregate supply and long-run aggregate supply, what is the difference in time for measuring macroeconomic variables? Group of answer choices A.
When differentiating between "short-run aggregate supply" and "long-run aggregate supply", what is the difference in time for measuring macroeconomic variables?
Group of answer choices
A. Generally, one or more years.
B. At least two business cycles.
C. An indeterminant period of time, but a long enough time to where prices have no impact on overall output in the long-run
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