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Answer to Question #119694 in Macroeconomics for yasmine Khaledd
Question #119694
What is short run aggregate supply
Expert's answer
Short run aggregate supply shows total output when prices of commodities for instance wage rates change but the prices and productivity of factor inputs are held constant.
The short run aggregate supply curve shows the changes in total output in an economy as the price changes but holding all other determinants of real growth domestic product (GDP) constant.
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