A reason why some economists basically ignore the short run is because they believe that the economy?

Question

A reason why some economists basically ignore the short run is because they believe that the economy?

Answer 1

because they believe it will fluctuate again!!

Answer 2

will sort itself out

Answer 3

will return to full employment.

Also, in the short run, nominal variables can have an impact because of sticky prices and wages, but in the medium or long run, nominal variables have no effect.  So if inflation is high in the short run, it will have no effect on output in the long run.

Answer 4

if inflation is a little high during a week, you don't need to make it perfect and increase interest rates...

Answer 5

money neutrality...good answer above me....

Answer 6

I would argue that economists very much take account of economic activity in the short term. Economists look for indicators of economic performance and the numbers usually tell a story in terms of the direction the economy is headed. The very reason monetary and fiscal policy exists is to curb inflation in the short and long term. They are immediate policies that can be adopted for instant effect. Therefore the short term may even be more important as an indicator. John Maynard Keynes said "In the long run we are all dead". Thank you for your question.