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The reason why AS curve is upward sloping is that, a.as price of a good increases, quantity demanded decreases. b.as output increases, unemployment decreases, wage
The reason why AS curve is upward sloping is that,
a.as price of a good increases, quantity demanded decreases.
b.as output increases, unemployment decreases, wage increases, and price increases.
c.as price level increases, the nominal income decreases.
d.as price level increases, the real money in the economy decreases.
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