Short-Run Aggregate Supply (SRAS)
AP Macroeconomics · Flashcards · Recall
AP MACROECONOMICS · FLASHCARDS
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QUESTION
What is the relationship between SRAS and inflation expectations?
QUESTION
Does a change in consumer demand shift the SRAS curve?
QUESTION
What is the shape of the SRAS curve?
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ANSWER
Upward sloping. Higher prices make production more profitable in the short run.
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