Multiple Choice
All of the following statements is true about the short-run aggregate supply curve except
A) it is a graphical representation of the relationship between production and the price level.
B) it is a result of the stickiness or inflexibility of some prices and wages.
C) it is upward-sloping.
D) it is drawn holding price level constant.
Correct Answer:
Verified
Correct Answer:
Verified
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