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Explain the Connection Between the Vertical Long-Run Aggregate Supply Curve

question 67

Essay

Explain the connection between the vertical long-run aggregate supply curve and the vertical long-run Phillips curve.


Definitions:

Molecular Formula

A notation representing the number and type of atoms in a molecule without indicating how the atoms are bonded.

Line-Angle Structure

A simplified diagrammatic representation of chemical structures where the ends and bends of lines represent carbon atoms.

Condensed Formulas

A method of writing a formula for organic molecules in a linear form that shows the arrangement of atoms without displaying bonds.

Line-Angle Structure

A simplified way to draw organic molecules where lines represent bonds and the ends of lines or intersections represent carbon atoms.

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