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This is the reason for why this statement is false: iffirmsadjustedtheirpriceseveryday,thentheshort-runaggregate-supplycurvewouldbehorizontal : Iffirmsadjustedpricesquicklyandifstickypricesweretheonlypossiblecauseforthe upwardslopeoftheshort-runaggregatesupplycurve,thentheshort-runaggregate-supplycurvewouldbevertical,nothorizontal.Theshort-runaggregatesupplycurvewouldbe horizontalonlyifpriceswerecompletelyfixed. BUT I still cannot know understand the reason can
This is the reason for why this statement is false: "iffirmsadjustedtheirpriceseveryday,thentheshort-runaggregate-supplycurvewouldbehorizontal":
Iffirmsadjustedpricesquicklyandifstickypricesweretheonlypossiblecauseforthe upwardslopeoftheshort-runaggregatesupplycurve,thentheshort-runaggregate-supplycurvewouldbevertical,nothorizontal.Theshort-runaggregatesupplycurvewouldbe horizontalonlyifpriceswerecompletelyfixed.
BUT I still cannot know understand the reason can someone further explain it in more details?
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