Multiple Choice
The relationship between sticky input prices and flexible output prices explains:
A) the positive slope of the short-run aggregate supply curve.
B) the vertical slope of the long-run aggregate supply curve.
C) the negative slope of the short-run aggregate supply curve.
D) the negative slope of the aggregate demand curve.
E) the positive slope of both the short-run and long-run aggregate supply curves.
Correct Answer:
Verified
Correct Answer:
Verified
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