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Explain Why the Long-Run Aggregate Supply Curve Is Vertical

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Essay

Explain why the long-run aggregate supply curve is vertical.


Definitions:

Spark Passion

To ignite a strong and barely controllable emotion or enthusiasm in someone.

Positive Aspect

A feature or part of something that is advantageous, beneficial, or favorable.

Exclusiveness

The quality of being exclusive; limiting access or availability to a select group, often creating a sense of prestige or privilege.

Extreme Forms

Refers to the most severe or intense version of a condition, phenomenon, or behavior.

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