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The Long-Run Aggregate Supply Curve Would Shift Right If Immigration

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The long-run aggregate supply curve would shift right if immigration from abroad


Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Corporations

Legal entities that are separate and distinct from their owners, who are shareholders, and have rights to enter into contracts, own assets, and be liable for debts.

Loans

Financial transactions where one party lends money to another with the expectation that it will be repaid, usually with interest, over a specified period.

Usurious Rate

An interest rate charged on a loan that exceeds the legal limit set by law.

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