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An upward sloping short-run aggregate supply curve suggests that real GDP is determined by aggregate supply. prices and wages are completely inflexible. prices and wages
An upward sloping short-run aggregate supply curve suggests that real GDP is determined by aggregate supply. prices and wages are completely inflexible. prices and wages are completely flexible. prices and wages adjust in part to short-run demand changes. One reason for a decrease in aggregate demand (AD) on the consumption side is an increase in taxes. an increase in income. a decrease in taxes. a desire to save less
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