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Discussion on three theories

1. Elucidate why do wage increases along with increases of other input prices impact the short-run aggregate supply but not the long-run aggregate supply, unless they reflect permanent reductions in the supply of those inputs?

2. List also Elucidate the three theories for Elucidate why the short-run aggregate-supply curve is upward sloping.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916524

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