Business, 20.12.2019 20:31 amauris77748

The sras curve is upward rising because:

a) a higher aggregate price level leads to lower output as the costs of production increase.
b) a higher aggregate price level leads to higher output since most production costs are fixed in the short run.
c) a lower aggregate price level leads to higher output since production costs tend to fall in the short run.
d) a lower aggregate price level leads to higher profit and higher productivity.

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The sras curve is upward rising because:

a) a higher aggregate price level leads to low...

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