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In the presence of sticky wages, the short-run Aggregate Supply (AS) curve is upward sloping because as prices increase, firms can hire more workers at the existing wage rate, leading to an increase in output. In the case where both wages and prices are sticky then AS is horizontal and when both are flexible AS is vertical.
In 2023, Indian farmers were implicitly taxed a significant amount through export restrictions and price policies. What was this estimated tax amount?
Which organization approved Zurich Insurance's acquisition of a 70% stake in Kotak General?
Which state has built 650,000 rural homes in the last decade as per the PMAYGrameen scheme update?
What is India’s projected share in global consumption at purchasing power parity (PPP) by 2050?
What was the theme of the UNAIDS report released in 2024?
Dhap dance, a classical folk dance, is performed by which tribal community?
According to the latest data released by the Reserve Bank of India, the gross foreign direct investment (FDI) flows witnessed a decline of nearly 16 per...
Which Australian fintech company acquired Tata Communications Payment Solutions Ltd (TCPSL)?