One of the reasons why the short run aggregate supply curve is upward sloping is because prices are sticky – they don’t adjust as quickly as we might expect.
One of the reasons why the short run aggregate supply curve is upward sloping is because prices are sticky – they don’t adjust as quickly as we might expect. This story from NPR’s Planet Money discusses perhaps the stickiest price of all time: the 5-cent Coke. After listening to this podcast, discuss what kept the […]