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The long-run aggregate supply curve shifts to the right when there is
Binding Decisions
Decisions or agreements that are legally or contractually obligating and cannot be easily altered or undone without consent from all involved parties.
Members
Individuals who are part of a group or organization, often with shared interests, goals, or characteristics.
Industrialized Nations
Countries with highly developed industries, advanced technological infrastructure, and high standards of living.
European Union
A political and economic union of 27 European countries that are located primarily in Europe, with policies aiming to ensure the free movement of people, goods, services, and capital.
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