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

question 319

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.

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Definitions:

Aerospace Industry

A sector that involves the research, development, and manufacture of flight vehicles, including aircraft and spacecraft.

Decentralization

The distribution of decision-making powers away from a central authority within an organization to lower-level personnel or departments.

Standardization

The degree to which the range of actions in a job or series of jobs is limited.

Coordination

The set of mechanisms used in an organization to link the actions of its subunits into a consistent pattern.