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31 October, 21:51

Explain why the as curve has the slope you calculated as a result of the "sticky price theory".

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  1. 31 October, 22:09
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    The sticky output theory states that in the short-run as the prices are increasing, the aggregate quantity will be upward slopping. In this case, it is happening in the same way. As the price increased from $150 to $160, the mixed supply is increased from $16,100 to $16,200.
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