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13 Sep The aggregate supply-aggregate demand diagram assumes the short-run aggregate supply curve is upwar

Posted at 19:40h in Business & Finance / Economics by

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?

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