Question

The worker-misperception explanation of the SRAS curve is used to explain why a. SRAS curves shift to the left b. the SRAS curve slopes upward. c. SRAS curves shift to the right d. the AD curve cannot change the price level if the SRAS curve is operational. e. the SRAS curve slopes downward.

Answer 1

The SRAS curve slopes upward.

• We can understand how each firm in an economy reacts to price stickiness using the short-run aggregate supply curve (SRAS). The SRAS curve will have an upward slope when prices are stable. According to the SRAS curve, more output results from higher price levels.
• The SRAS curve will move to the left as the cost of such inputs rises, signaling that, at each level of output price, greater input costs will discourage production because they will make it more difficult to turn a profit.
• The SRAS curve moves to the right as productivity increases because more productive businesses can generate more output at all pricing points.

Thus this is the answer.

To learn more about SRAS curve, refer:brainly.com/question/26875448

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