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What Are the Factors That Can Shift the Short-Run Aggregate

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Essay

What are the factors that can shift the short-run aggregate supply curve but not the long-run aggregate supply curve? Explain your answer.


Definitions:

Qatar

A sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula.

Botswana

A landlocked country located in Southern Africa, known for its stable democracy, natural beauty, and rich diamond mines.

Opportunity Costs

The cost of foregone alternatives; the benefits one misses out on by choosing one option over another.

Nations

Politically organized territories with defined borders, a common government, and a shared cultural or historical identity.

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