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25 August, 19:50

The aggregate supply curve (short run) is upsloping because:

A. wages and other resource prices match changes in the price level.

B. the price level is flexible upward but inflexible downward.

C. per-unit production costs rise as the economy moves toward and beyond its full-employment real output.

D. wages and other resource prices are flexible upward but inflexible downward.

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  1. 25 August, 20:10
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    C. per-unit production costs rise as the economy moves toward and beyond its full-employment real output
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