The short-run aggregate supply curve is positively sloped. Which of the following is not one of the explanations given in the text?
a. the misperception effect
b. Sticky wage theory
c. market effect
d. All of the above are explanations of the profit effect.
c
Economics
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What are the two conditions that are met if a consumer is maximizing utility?
What will be an ideal response?
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An increase in which of the following would cause an increase in aggregate supply?
a) labor productivity b) the wage rate c) prices of imports d) consumer spending e) interest rates
Economics