The short-run aggregate supply curve slopes upward because of all of the following reasons except

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Aggregate demand (AD) is comprised of expenditure components that include:

a. consumption, investment, exports, and taxes
b. consumption, government spending, exports, and labor
c. government spending, taxes, exports, and labor
d. government spending, consumption, investment, and net exports

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.
b. changes in the price level do not affect potential GDP, as potential GDP depends on the size of the labor force, capital stock, and technology.
c. the price level does not change, but potential GDP changes its value.
d. changes in the size of the labor force, capital stock, and technology affect the price level but not the potential GDP.

Which of the following are reasons that the short

The 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.