Question: True or false: The short-run aggregate supply curve slopes upward because when the price level rises, sticky wages create incentives for firms to produce more

True or false: The short-run aggregate supply curve slopes upward because when the price level rises, sticky wages create incentives for firms to produce more output. Explain your answer.

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False The shortrun aggregate supply SRAS curve does not slope upward solely due to sticky wages crea... View full answer

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