A change in the price level produces an immediate shift of the short-run aggregate supply curve.
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Q156: Use the following to answer questions .
Exhibit:
Q157: The long run in macroeconomics is a
Q158: The short-run aggregate supply curve is vertical
Q159: Taking no action and allowing an economy
Q160: Use the following to answer questions .
Exhibit:
Q162: Long-run aggregate supply corresponds to the level
Q163: Explain and discuss the difference between a
Q164: Discuss why the short-run aggregate supply curve
Q165: What is the difference between the short
Q166: What is the meaning of "sticky" wages?
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