What is the difference between the short run and medium run in macroeconomics?

There is a significant difference between the short and the medium run in microeconomics. For instance, the short run is three years period in an economy where wages and prices of commodities adjust to bring the medium run. The period also includes other activities in the market, contributing to the growth of the economy. While the medium run is twelve years characterized by an adjustment in capital stock to bring the long run macroeconomics. The medium run provides a significant growth in the economy as compared to the short run.