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Assuming Prices and Wages Are Fully Flexible, the Aggregate Supply

question 43

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Assuming prices and wages are fully flexible, the aggregate supply curve will be:


Definitions:

Jim Crow Laws

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Businesses that operate trains for transporting goods and passengers on tracks.

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An amendment to the US Constitution ratified in 1870, guaranteeing voting rights regardless of "race, color, or previous condition of servitude."

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The entitlement of citizens in a democracy to participate in elections to choose their representatives, considered a fundamental political right.

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