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Which of the Following Would Shift the LRAS Curve to the Left

question 161

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Which of the following would shift the LRAS curve to the left?


Definitions:

Business Concept

An idea for a business that includes basic information on the product, service, target market, and competition.

Startups

Newly established businesses, typically in the early stages of operation, often aimed at addressing a novel or untapped market need.

Founders

Individuals who establish a new venture or organization, contributing to its strategy, vision, and initial operation.

CEO

Stands for Chief Executive Officer, the highest-ranking individual in a company or organization, responsible for making major corporate decisions.

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