The real wage and real rent decreases--leading firms
The short run aggregate supply curve is upward sloping because as the CPI increases, the "real wage" and "real rent" decreases--leading firms, ceteris paribus, to increase output and employment as their profits expand.
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the short run aggregate supply curve is upward sloping because as the cpi increases the real wage and real rent
george kyparisis makes bowling balls in his miami plant with recent increases in his costs he has a newfound interest
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george kyparisis determines his costs to be as followslabor 10 per hourresin 5 per poundcapital expense 1 per month of
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