31.   Points such as point A cannot describe the behaviour of firms in anything longer than the very short run.

32.   Such room for manoeuvre as existed in choosing between these two evils was only present in the very short run.

33.   By proposing this ingenious but patently artificial contrivance, Friedman was able to account for the non-neutrality of money in the short run.

34.   Aggregate supply in the short run,, is more problematical.

35.   Why do suppliers, including the suppliers of factor services, increase output in the short run as a result of an increase in the absolute price level?

36.   On the other hand if it is perceived to be temporary, the effects on the supply of labour in the short run are likely to be substantial.

37.   In the preceding analysis the rational expectations criteria were introduced piecemeal within a context which assumed market clearing, at least in the fairly short run.

38.   EC and Scottish Office regulations and public access to information requirements will ensure the short run retention of data as will potential legal and contractual disputes.

39.   In other words, in the short run at least, the supply of money is to a large extent demand determined.

40.   In the short run, the effect may be rather limited.