What is the effect of sticky wages in the economy

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Reference no: EM13837805

Please write in some detail on all of the followings:

1. Aggregate demand and aggregate demand curve.

2. The three reasons that explain the downward slope nature of the AD curve

3. Please list some factors that shift the AD curve to the right or left

4. Please explain why the SRAS curve is upward sloped and LRAS curve is vertical

5. Please list some factors that shift the SRAS curve to the right or left

6. Please list factors that shift the LRAS curve to the right or left

7. Macroeconomic equilibrium

8. Recessionary and inflationary gaps: please use AD/AS curves to show

9. What is the effect of sticky wages in the economy?

10. What is economic growth? Please make use of AD/AS curves to show economic growth.

Reference no: EM13837805

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