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Define the long-run aggregate supply curve

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Reference no: EM132868800

1. Define the long-run aggregate supply curve? Is there any relationship between the production-possibilities (p-p) curve and its long-run aggregate supply curve (LRAS)? Explain any differences.

2. What are the main factors that can cause the p-p curve to shift? Do these factors also cause the LRAS to shift? Has Covid-19 caused Canada's LRAS curve to shift? Explain.

Reference no: EM132868800

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