Complete the statements about the following three theories for the upward slope of the short-run aggregate-supply curve.
According to the sticky-wage theory, the economy is in a recession because the price level has declined so that real wages are too_____ , thus labor demand is too______ .
According to the sticky-price theory, the economy is in a recession because______ .
According to the misperceptions theory, the economy is in a recession when the price level is_______ what was expected. (fill in the blanks).