Question

WILL FAN AND MEDAL :
What is a long and short run in AP microeconomics?
The lessons that I read don't give very elaborate explanations.

@Zale101

Answer 1

The outputs of both in the long run and short run differ. In the long run, the output is determined by both aggregate supply and demand. In the short run, the output is determined by aggregate demand but not aggregate supply.

Answer 2

Hope this helps.
http://economics.about.com/cs/studentresources/a/short_long_run.htm