In the short run prices may rise faster than costs. this, Ask an Expert

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In the short run, prices may rise faster than costs. This chapter discusses why this might happen. Suppose that labor and management agree to adjust wages continuously for any changes in the price level. How would such adjustments affect the slope of the aggregate supply curve?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9490704

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