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Input costs being slow to change is a factor of: a. short-run aggregate demand curve b....

Input costs being slow to change is a factor of:

a. short-run aggregate demand curve

b. long-run aggregate demand curve

c. short-run aggregate supply curve

d. long-run aggregate supply curve

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Answer #1

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Option c

c. the short-run aggregate supply curve

the change in the input prices is slow so the curve is upward sloping in the short run and these are fully flexible i the long run so the long-run AS is vertical.

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