Microsoft Word - 05_How_to_Use_Certify_Verify_Reports_8.9.doc
In the short run, the prices of resources do not change in response to change in the price level; in the long run, resource prices do change. This difference leads to the distinction between the short-run and the long-run aggregate supply curves. When the price level rises, in the short run resource prices do not change. ... Microsoft Word ... ................
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