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A Change in Which of the Following Will Shift the Long-Run

question 143

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A change in which of the following will shift the long-run aggregate supply curve?


Definitions:

Tangible Attributes

The physical features of a product that can be sensed by touch, sight, taste, smell, or hearing, distinguishing it from intangible qualities.

Durable Goods

Products that are intended to last for a significant amount of time, such as appliances, cars, and furniture, as opposed to consumer goods which are consumed quickly.

Nondurable Goods

Products with a limited lifespan, intended for consumption or use over a short period, such as food or paper products.

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