Chapter 11: Q21. (page 291)
What is the economic reason why the SRAS curve slopes up?
Short Answer
The SRAS curve is positively inclined because it is closely tied to price level and also due to other economic factors such as flexible input.
Chapter 11: Q21. (page 291)
What is the economic reason why the SRAS curve slopes up?
The SRAS curve is positively inclined because it is closely tied to price level and also due to other economic factors such as flexible input.
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