University of Winnipeg (U OF W ) • ECONOMICS E2101
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Latest notes & summaries University of Winnipeg (U OF W ) • ECONOMICS E2101
1. In terms of aggregate supply, the short run is a period in which: 
the price level is constant. 
employment is constant. 
real GDP is constant. 
→ nominal wages and other input prices are constant. 
Multiple Choice Question 
 Accessibility: Keyboard Navigation 
Difficulty: Easy 
Learning Objective: 16-01 Explain how the economy arrives at its long-run equilibrium. 
Topic: 16-02 Short-Run Aggregate Supply 
Type: Definition 
2. The short-run aggregate supply curve is upward-sloping because: 
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