The short run aggregate supply curve was constructed assuming that as the price of outputs increases, the

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The short run aggregate supply curve was constructed assuming that as the price of outputs increases, the price of inputs stays the same. How would an increase in the prices of important inputs, like energy, affect aggregate supply?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 04:44 AM

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The short run aggregate supply curve was constructed assuming that as the price of outputs increases, the

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Principles Of Economics

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