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    Macroeconomics Study Set 12
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    Exam 10: Aggregate Demand and Aggregate Supply Analysis
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    The Short-Run Aggregate Supply Curve Is Upward Sloping Because Wages
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The Short-Run Aggregate Supply Curve Is Upward Sloping Because Wages

Question 112

Question 112

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The short-run aggregate supply curve is upward sloping because wages rise more slowly than output prices.

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