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Select all that apply The short-run aggregate supply curve is based on which of the following assumptions? Multiple select question. Nominal wages were established by
Select all that apply The short-run aggregate supply curve is based on which of the following assumptions? Multiple select question. Nominal wages were established by firms and workers, with the belief that the price level will stay constant. Product prices are inflexible and will remain constant even when input prices change. Nominal wages are flexible and will rise and fall along with the price level. The price level is flexible both upward and downward
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