Multiple Choice
The slope of the short-run aggregate supply curve can be explained by
A) the fact that all prices are sticky in the short run.
B) sticky input prices and flexible output prices.
C) flexible input prices and sticky output prices.
D) the fact that all prices are flexible in the short run.
E) the fact that all prices except wages are flexible in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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