The short run in economics refers to a period when at least one factor of production remains fixed, limiting a business’s ...

Long-run forecasting seems difficult, especially in light of the challenges of short-term forecasting, such as whether we’ll have a recession, if inflation will come down, or if the Ukraine war will ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...