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The long-run aggregate supply curve is vertical at the level of real output that corresponds to the natural rate of employment.
Several Years
A term typically referring to an indefinite but extended period of time, often surpassing two years.
Start-Up Process
The series of steps involved in founding and establishing a new business or company.
Innovative Idea
A novel or original concept that can lead to significant improvements in products, processes, or services.
Entrepreneurial Process
The series of steps and development stages that entrepreneurs follow to conceive, launch, and grow a new business.
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