Macroeconomics
Macroeconomics
10th Edition
ISBN: 9781319105990
Author: Mankiw, N. Gregory.
Publisher: Worth Publishers,
Question
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Chapter 14, Problem 1PA

(a)

To determine

Aggregate supply curve when all firms in the economy have the sticky prices.

(b)

To determine

Aggregate supply curve when desired prices do not depend on aggregate output.

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