Explain why the long-run aggregate-supply curve is vertical. Explain three theories for why the short-run aggregate-supply curve

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Explain why the long-run aggregate-supply curve is vertical. Explain three theories for why the short-run aggregate-supply curve is upward sloping. What variables shift both the long-run and short-run aggregate-supply curves? What variable shifts the short-run aggregate-supply curve but not the long-run aggregate-supply curve?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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