Why is the short-run aggregate supply curve upward sloping, while the long-run aggregate supply curve is vertical

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Why is the short-run aggregate supply curve upward sloping, while the long-run aggregate supply curve is vertical at the natural rate of output?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 20, 2023 01:36 AM

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Why is the short-run aggregate supply curve upward sloping, while the long-run aggregate supply curve is vertical

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The shortrun aggregate supply curve is upward sloping because in the short run before input prices ...View the full answer

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