1.Previous
3.Next

which often drive them. Stabilization policies like monetary policy or fiscal policy are relevant in this time frame
* the medium run (e.g., a decade): Over the medium run, the economy tends to an output level determined by supply factors like the capital stock, the technology level, and the labor force, and unemployment tends to revert to its structural (or "natural") level. These factors move slowly, so that it

1.Previous
3.Next