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Discuss the three ranges of the aggregate supply (AS) curve. What could cause the AS curve to shift to the left? What impact would a leftward shift of the AS curve have on the economy?
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Individuals who take part in a research study or experiment.
Impulsive
Characterized by actions taken without forethought or consideration of the consequences; spontaneous behavior.
Conservative
A political and social ideology that emphasizes the value of traditional institutions and practices, resistance to rapid change, and cautiousness in political and social reform.
Liberal
Pertaining to a political and social philosophy that emphasizes individual rights, freedom of expression, and a preference for governmental intervention in social and economic matters.
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