Elucidate why the short-run aggregate supply curve
Discussion on short run also long run aggregate supply curve.
Elucidate why the short-run aggregate supply curve is not vertical, but the long-run aggregate supply curve is vertical?
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Elucidate why do wage increases along with increases of other input prices impact the short-run aggregate supply but not the long-run aggregate supply, unless they reflect permanent reductions in the supply of those inputs.
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Elucidate why the short-run aggregate supply curve is not vertical, but the long-run aggregate supply curve is vertical.
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