The Relationship Between Sticky Input Prices and Flexible Output Prices

question 130

Multiple Choice

The relationship between sticky input prices and flexible output prices explains the

• A) positive slope of the short-run aggregate supply curve.
• B) vertical slope of the long-run aggregate supply curve.
• C) negative slope of the short-run aggregate supply curve.
• D) negative slope of the aggregate demand curve.
• E) positive slope of both the short-run and long-run aggregate supply curves.

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