Why does the short-run aggregate supply curve slope upward


Problem

1. What is Okun's Law? How does it combine with Phillips curve analysis to derive the short-run aggregate supply curve?

2. Why does the short-run aggregate supply curve slope upward?

3. What causes the long-run aggregate supply curve to shift?

4. What causes the short-run aggregate supply curve to shift?

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: Why does the short-run aggregate supply curve slope upward
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