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One reason the short-run aggregate supply curve slopes upward is due to the 'stickiness' of input prices relative to output prices. We saw this in...
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56.

One reason the short-run aggregate supply curve slopes upward is due to the 'stickiness' of input prices relative to output prices. We saw this in the plastering example when we let output prices rise and kept

nominal wages constant. This being the case, the firm's profit maximizing output rises with the rise in prices, all else constant.
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A) TrueB) False
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Subject: Business, Economics

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