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A precise focus on why we have cost challenges when asking for lower prices.
the short run aggregate supply understandable
thank you for your explaine
Short run is bit more complex and u need to rest on it to solve.
Short run aggregate supply — During the short-run, firms possess one fixed factor of production such as land and some variable factor input like labor. However, in long run, all factors of production are variable. The quantity of aggregate output supplied is highly sensitive to the price level.
How will the short run aggregate supply affect inflation?