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kipiarov [429]
1 year ago
13

A general increase in wages will result primarily in the _____ curve shifting to the _____.

Social Studies
1 answer:
alex41 [277]1 year ago
4 0

A preferred boom in wages will end result basically within the short-run aggregate supply curve shifting to the left.

Definition. short-run aggregate supply (SRAS) is a graphical model that suggests the tremendous relationship between the mixture fee level and the quantity of aggregate output furnished in a financial system.

Within the quick run, mixture supply responds to better demand (and charges) by growing the use of present-day inputs within the production method. In the short run, the level of capital is fixed, and a employer can't, for instance, erect a new factory or introduce a brand new generation to increase manufacturing performance.

The intersection of the financial system's combination call for and short-run aggregate supply curves determines its equilibrium actual GDP and price level in the end. the short-run mixture delivers curve is an upward-sloping curve that indicates the quantity of general output with a view to being produced at every charge level inside the quick run.

Learn more about aggregate supply here: brainly.com/question/24457739

#SPJ4

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