Question

general price is long term or not​

Answer 1

Ans ➡️ The long run is a period of time in which allfactors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas, in the short run, firms are only able to influence prices through adjustments made to production levels.

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Answer 2

here goes ur answer my dear friend.
Long run and short run. ... In macroeconomics, the long run is theperiod when the general price level, contractual wage rates, and expectations adjust fully to the state of the economy, in contrast to the short run when these variables may not fully adjust.
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