Make a List of Things That Would Shift the Long-Run

question 32

Essay

Make a list of things that would shift the long-run aggregate supply curve to the right.

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Definitions:

Vacation Home Properties

Real estate properties owned for personal use as a vacation getaway, which may also generate rental income.

Primarily Rental

Refers to property or real estate primarily used for rental purposes, where the primary intent is to generate rental income from tenants.

Personal Use

The use of a property or asset for individual needs or consumption, not for business or professional purposes.

Royalty Income

Income derived from the use of an individual's property, such as patents, copyrighted works, mineral rights, or other assets, that is paid by the user to the proprietor or creator.