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1. Explain why the SRAS slope downward. a. Sticky Wages Theory b. Sticky Prices Theory c. Misconception Theory You should be able to provide
1. Explain why the SRAS slope downward. a. Sticky Wages Theory b. Sticky Prices Theory c. Misconception Theory You should be able to provide a numerical example to illustrate your explanation. I mean think about if you are an economic professor, how would you explain these theories to your students.
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