short run

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short run

1. adjective (typically hyphenated and used before a noun) Of, covering, or limited to only a short or immediate period of time. This sort of short-run planning is fine while the company is being set up, but you need to start setting some long-term goals and strategies.
2. noun A short length of time; an immediate or limited period in which to act or effect change. Congress approved funding to cover the country's debt for the short run, but a more permanent solution will have to be reached before the December 31 deadline. This minimum wage increase may have a negative effects on businesses in the short run, but they will be dwarfed by the benefits down the line.
See also: run, short

short run

see under long run.
See also: run, short
References in classic literature ?
When the aisles and platforms were packed by the hilarious crowd, the train pulled out for the short run from the suburbs into Oakland.
The author estimates that 36 percent of these costs can be considered fixed costs in the short run.
Cross-sectional data, both within and across particular countries, support decreasing marginal utility of income--in the short run there is a positive, but diminishing, relationship between income and happiness.
As an alternative, this article models the real stock return-inflation relationship as intrinsically dynamic, explicitly distinguishing between the short run and the long run.
Complementing those numerical comparisons with discussion of the rationale for producers' output adjustments from non-equilibrium output levels shows students why GDP moves naturally towards $9000 billion in the short run.
The shock to this public signal, or "news shock", has the features of an aggregate demand shock: it increases output, employment, and inflation in the short run and has no effects in the long run.
Short-run tactics--the quick fix: The quick fix sounds good because in the short run, providing AlL services benefits the residents being served.
This paper empirically demonstrates the notion that inventories are pivotal in determining price behavior in crude oil markets by finding that, in the short run, price elasticity of relative demand is much smaller than the elasticity of relative inventory.
Indulgence feels good in the short run, but a steady diet of either self-illusions or desserts eventually takes a toll.
We find that the effects on rents and home prices are in most cases small in the short run and negligible in the long run.
Changes in fiscal policy measures and foreign capital inflows do not affect the nominal rate even in the short run.
Although the structure of the proposal would increase revenues in the short run, over the long run there would be a significant reduction in the business tax burden.
Against this background, I believe firmly that specific monetary policy actions taken in the short run should be evaluated within the framework of our long-run goal for price-level stability.
After extensive research in both the equipment and the marketplace it was predicted that buying trends would move towards the short run type job and the decision was made to take the company in this direction.
In the theory of production, the short run and long run refer to how time is used, not how much time is used.