Why might rising prices stimulate short-run production but have no effect on long-run production?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 03, 2018 08:46 AM

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Why might rising prices stimulate short-run production but have no effect on long-run production?

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Many costs are relatively constant in the shortrun Higher ...View the full answer

The Macro Economy Today

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