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    Principles of Macroeconomics Study Set 11
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    Exam 13: Policy Effects and Costs Shocks in the Asad Model
  5. Question
    Explain Why the AS Curve Cannot Be the Sum of the Supply
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Explain Why the AS Curve Cannot Be the Sum of the Supply

Question 11

Question 11

Essay

Explain why the AS curve cannot be the sum of the supply curves of all the individual firms in the economy.

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An individual firm's supply curve shows ...

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