In terms of aggregate supply, a period in which nominal wages and other resource prices are unresponsive to price-level changes is called the

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19-07-2022
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In terms of aggregate supply, a period in which nominal wages and other resource prices are unresponsive to price-level changes is called the

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anshumanaryan799 anshumanaryan799 · Answer 1 · 2022-07-26T20:49:24+02:00

Terms in this set In terms of aggregate supply, a period in which nominal wages and other resource prices are unresponsive to price-level changes is called the short run.

An example of a small run is a company called ABC. ABC can produce 10 cars a day, and with increasing demand during the season, it wants to increase the use of available infrastructure and produce more cars (15 cars per day).

Short-termism is the concept that at least one input is fixed and the other is variable within a certain period in the future. Economics expresses the idea that economic behavior depends on how long you have to respond to a particular stimulus.

Learn more about the short runs. here: https://brainly.com/question/4171648

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