2. What assumptions cause the immediate-shortrun aggregate supply curve to be horizontal? Why is the long-run aggregate
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2. What assumptions cause the immediate-shortrun aggregate supply curve to be horizontal?
Why is the long-run aggregate supply curve vertical? Explain the shape of the short-run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full- employment output and relatively steep to the right? LO2
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Essentials Of Economics
ISBN: 9780073511313
2nd Edition
Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn
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