The Short-Run Aggregate Supply Curve Is Upward Sloping Because in the Short

question 275

Multiple Choice

The short-run aggregate supply curve is upward sloping because in the short run the

• A) both the money wage rate and the price level change.
• B) money wage rate changes but the price level does not.
• C) neither the money wage rate nor the price level can change.
• D) price level changes but the money wage rate does not.

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