Question: The short-run aggregate supply curve is upward sloping because Select one: O a. a lower price level creates a wealth effect. O b. most business

The short-run aggregate supply curve is upward

The short-run aggregate supply curve is upward sloping because Select one: O a. a lower price level creates a wealth effect. O b. most business firms operate with long-term contracts for output but not labor. c. money wage rates do not immediately change when the price level changes. d. lower taxes motivate people to work more. Clear my choice

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