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The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected, production is
Social Group
A collection of individuals bound together by common social identification and interaction.
Social Construction
The theory that many aspects of society, including knowledge, identities, and realities, are created through collective human agreement and interpretation.
Objective Reality
The state or quality of being true and existing outside of an individual's feelings, thoughts, or biases.
Collective Consciousness
The body of beliefs that are common to a community or society and that give people a sense of belonging.
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