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The aggregate supply curve (short run) is upward-sloping because . rev: 06_12_2018 Multiple Choice the price level is flexible upward but inflexible downward wages and other resource prices are flexible upward but inflexible downward per-unit production costs rise as the economy moves toward and beyond its full-employment real output wages and other resource prices match changes in the price level
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The aggregate supply curve (short run) is upward-sloping because . rev: 06_12_2018 Multiple Choice t...
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