Business, 04.05.2021 01:30 godzilla24
Suppose the price level falls but suppliers only notice that the price of their particular product has fallen. Thinking there has been a fall in the relative price of their product, they cut back on production. This is a demonstration of the a. sticky-wage theory of the short-run aggregate-supply curve. b. classical dichotomy theory of the short-run aggregate-supply curve. c. sticky-price theory of the short-run aggregate-supply curve. d. misperceptions theory of the short-run aggregate-supply curve.
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Suppose the price level falls but suppliers only notice that the price of their particular product h...
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