Discussion Post: Aggregate Economy
The aggregate supply-aggregate demand diagram assumes the short-run aggregate supply curve is upward sloping (where more is supplied when prices increase) because output prices increase faster than input prices, such as wages. Do you believe wages adjust at the same rate as output prices? How frequently are your wages adjusted?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.