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What Is the Shape of the Long-Run Aggregate Supply Curve

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Essay

What is the shape of the long-run aggregate supply curve? Why?


Definitions:

Double approach-avoidance

A psychological conflict that involves being torn between two goals, each possessing both appealing and negative aspects.

Control

The power to influence or direct people's behavior or the course of events.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension.

Approach-avoidance Conflict

A psychological struggle or dilemma when a goal has both attractive and unattractive aspects, leading to ambivalence.

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