Sticky wages are one reason for the upward slope of the short-run aggregate supply curve.

Name: Sticky wages are one reason for the upward slope of the short-run aggregate supply curve.
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Sticky wages refer to the idea that wages do not adjust immediately to changes in the overall price level. This can result in firms being willing to produce more output at higher prices in the short run, as they do not have to immediately increase wages. As a result, the short-run aggregate supply curve slopes upward.

Sticky Wages Are One Reason for the Upward Slope of the Short-Run