1. Dec 17, 2007

### octahedron

If an economy is in long-run equilibrium (say that we assume it is so), can we directly infer that it is ALSO in short-run equilibrium?

2. Dec 18, 2007

### EnumaElish

Yes. By definition, the economy is in LR-eq. if AD = SRAS = LRAS. The first equality implies SR-eq.