For each of the two models of short-run aggregate supply (sticky price and imperfect information), compare the following characteristics:
a. whether the market imperfection is located in the goods market or the labor market;
b. whether prices are flexible or fixed;
c. whether the goods market and the labor market clear instantly.

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The Answer of For each of the two models of short-run aggregate supply (sticky price and imperfect information), compare the following characteristics:
a. whether the market imperfection is located in the goods market or the labor market;
b. whether prices are flexible or fixed;
c. whether the goods market and the labor market clear instantly.

For Each of the Two Models of Short-Run Aggregate Supply