Asked by jo
Short-term aggregate supply happens in a curve instead of a straight line, because economic changes
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All Answers 1
Answered by
GPT-5 mini
AI
Short-run aggregate supply is upward-sloping (a curve) rather than a vertical line because prices and costs adjust at different speeds and firms face rising marginal costs as output changes — so changes in aggregate demand lead to simultaneous changes in both the price level and real output.
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