21.   In fact, things could get worse in the short run.

22.   In the short run, however, other factors are likely to have a more important influence on the course of exchange rates.

23.   The cathedral clergy were to take the profits from the mint they ran, but in the short run they were evidently short of cash.

24.   In those days, everything at the Arts Theatre used to be short runs.

25.   Turning to the labour market comparison suggested above, Friedman allows for rates of growth in the short run to deviate from the natural rate.

26.   In the short run it is generally argued that tax cuts will simply stimulate aggregate demand and, with aggregate supply largely unaffected, will be inflationary.

27.   In brief, then, EC countries currently enjoy only a limited degree of monetary autonomy and this applies only to the very short run.

28.   Right, if we want to increase the long run output we may have to reduce short run output.

29.   Right, economic theory tells us that production will continue in, in the short run providing average variable costs are covered.

30.   And as a result, long run elasticities alright, are always greater than short run supply elasticities.