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The rightward shift in the LRAS curve shown in the diagram may be caused by an
Empirical Studies
Research or studies based on actual and observable evidence, typically involving systematic observation or experimentation.
Unionized Firms
Companies or organizations where the workforce is represented by a union, which negotiates wages, working conditions, and other employment terms.
Productivity
A measure of the efficiency of production often quantified as the ratio of outputs produced to inputs used over a specified period.
Firm Profits
The net income a company retains after deducting all costs, taxes, and expenses from its total revenue.
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