The sticky-wage and the worker-misperception models of aggregate supply both suggest an upward sloping short-run aggregate supply (SRAS) curve.

The sticky-wage and the worker-misperception models of aggregate supply both suggest an upward sloping short-run aggregate supply (SRAS) curve. The SRAS curve will be steeper under one of these theories than it will be under the other. Which is it? Prove your answer by deriving the SRAS curve implied by each of these theories. Explain all shifts and movements in your diagram

 
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