question archive Let's turn to the long run aggregate supply curve which is depicted as a vertical line
Let's turn to the long run aggregate supply curve which is depicted as a vertical line
Subject:EconomicsPrice:3.86 Bought9
Let's turn to the long run aggregate supply curve which is depicted as a vertical line. The LAS represents the level of output that the economy produces when unemployment is at its natural rate. Any change in the economy that alters the natural rate of output shifts the long-run aggregate-supply curve.
Can you explain three important factors that may cause such a shift in the LAS and how?
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