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    Principles of Macroeconomics
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    Exam 7: Aggregate Demand and Aggregate Supply
  5. Question
    Discuss Why the Short-Run Aggregate Supply Curve Is Upward Sloping
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Discuss Why the Short-Run Aggregate Supply Curve Is Upward Sloping

Question 121

Question 121

Essay

Discuss why the short-run aggregate supply curve is upward sloping unlike the long-run aggregate supply curve which is vertical.

Correct Answer:

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The short-run aggregate supply curve is ...

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