The Aggregate Supply Curve Is Upward Sloping In

Shortrun aggregate supplyn the shortrun, the aggregate supply is graphed as an upward sloping curvehe equation used to determine the shortrun aggregate supply is y y pp e the equation, y is the production of the economy, y is the natural level of production of the economy, the coefficient is always greater than 0, p is the price level, and p e is the expected price.

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