What Factors Can Cause an Increase in Aggregate Supply

question 92

Essay

What factors can cause an increase in aggregate supply?

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Definitions:

Severe Economic Depression

A prolonged period of significant decline in economic activity across a country or the world, characterized by high unemployment, falling prices, and diminished trade.

1870s

A decade during the 19th century noted for post-Civil War Reconstruction in the United States and significant industrial and social changes globally.

Americanization

The process through which immigrant communities or foreign cultures come under the influence of American culture, values, and practices.

Tensions

refers to a state of strained relations or stress between entities, such as countries, groups, or individuals.