If you're seeing this message, it means we're having trouble loading external resources on our website. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. If you're seeing this message, it means we're having trouble loading external resources on our website. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. Aggregate demand (AD) is comprised of expenditure components that include: a. consumption, investment, exports, and taxes The long-run aggregate supply curve is vertical because in the long run, a.changes in the price
level affect potential GDP via other variables, such as the size of the labor force, capital stock, and technology. Which of the following are reasons that the shortThe SRAS curve slopes up for two reasons: sticky input prices (like wages) and sticky output prices (also called “menu costs”).
What causes the aggregate supply curve to slope upward quizlet?The aggregate demand curve is downward-sloping because consumption, investment, and net exports all decline when the price level rises. The short-run aggregate supply curve is upward-sloping because it takes some time for input prices and/or wages to adjust.
|