4. The AS curve slopes upward because higher cyclical output both increases costs of production and...

 

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4. The AS curve slopes upward because higher cyclical output both increases costs of production and gives firms a better bargaining position to raise prices. Fale it describe how economic the citation Hee bain nl recession 16 affat enlutin of inflation AS x AP 5. A multiplier effect, making a demand shock have a multiplicative effect on aggregative output, could arise from some consumers responding to temporary income fluctuations. 4. The AS curve slopes upward because higher cyclical output both increases costs of production and gives firms a better bargaining position to raise prices. Fale it describe how economic the citation Hee bain nl recession 16 affat enlutin of inflation AS x AP 5. A multiplier effect, making a demand shock have a multiplicative effect on aggregative output, could arise from some consumers responding to temporary income fluctuations.

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The AS Curve and Inflation Statement The AS curve slopes upward because higher cyclical output both increases costs of production and gives firms a better bargaining position to raise prices Briefly d... View the full answer