3. Explain how “menu costs” affect the slope of the short-run aggregate supply curve.

Principles of Economics – Unit Exam 4
-Begin each written assignment by identifying the question number you are answeringfollowed by the actual question itself (in bold type).
-Use a standard essay format for resppnses to all questions (i.e. an introduction, middle paragraphs and conclusion).
-Typed double-spaced, using a standard font (i.e. Times New Roman) and 12 point type size.
Book referenced for class: Essentials of Economics 4th Edition, 2015, ISBN-13: 9780133543391

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