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A decline in short-run aggregate supply would be caused by which of the following?
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide how company transactions and other events need to be reported in financial statements.
Revaluation
The process of adjusting the book value of an asset to reflect its current market value.
Intangible Assets
Assets that cannot be physically touched or seen but hold value, such as copyrights, trademarks, and patents.
Comprehensive Income
The total of all operating and financial events that affect the equity of a company, beyond just net income.
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