Economics W6-DQ2

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Economics W6-DQ2

What assumptions cause the immediate-short-run aggregate supply curve to be horizontal? Why is the long-run aggregate supply curve vertical? Explain the shape of the short-run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and relatively steep to the right?

Note: Answer should be minimum of 300 words excluding references. Responses are original in content and with minimum of one external reference. Reference are used properly and cited properly.

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  • Responses are original in content with a minimum of one external reference.
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Participation Guidelines (30%):
  • Main response is no less than 300 words.

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  • Responses were organized and logical.
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