Draw a short-run aggregate supply curve that gets steeper, Macroeconomics

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Draw a short-run aggregate supply curve that gets steeper

Problem

Draw a short-run aggregate supply curve that gets steeper as real GDP rises.

a. Explain why the curve has this shape.

b. Now draw a long-run aggregate supply curve that intersects a short-run AS curve. What is the rel tionship between short-run AS and long-run AS?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Draw a short-run aggregate supply curve that gets steeper

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