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Economics

1. 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 and explain the three theories for why the short-run aggregate-supply curve is upward sloping.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9161850

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