For each of the two models of short-run aggregate supply (sticky price and imperfect information)compare the following characteristics:
a.whether the market imperfection is located in the goods market or the labour market
b.whether prices are flexible or fixed
c.whether the goods market and the labour market clear instantly.

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The Answer of For each of the two models of short-run aggregate supply (sticky price and imperfect information)compare the following characteristics:
a.whether the market imperfection is located in the goods market or the labour market
b.whether prices are flexible or fixed
c.whether the goods market and the labour market clear instantly.

For Each of the Two Models of Short-Run Aggregate Supply