Explain Why the Short-Run Aggregate Supply Curve (SRAS)is Upward Sloping,while

question 187

Essay

Explain why the short-run aggregate supply curve (SRAS)is upward sloping,while the long-run aggregate supply (LRAS)curve is a vertical line.

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Definitions:

Medial to Sternum

Located towards the midline or center of the body relative to the sternum or breastbone.

Superior to the Right Inguinal Region

Refers to an anatomical area that is located above and towards the midline from the right inguinal region, which is near the lower right side of the abdomen.

Orbital

Relating to the orbit, which is the bony cavity that contains the eye.

Cranial

Pertaining to the skull or cranium, housing and protecting the brain.