A Change That Shifted the Long-Run Aggregate Supply Curve to the Right

question 14

True/False

A change that shifted the long-run aggregate supply curve to the right would not necessarily shift the short-run aggregate supply curve to the right.

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Definitions:

Customary

Practices or actions that are accepted and expected within a particular community or society, based on traditions or long-standing use.

Frustrated

In legal terms, it refers to a contract or agreement that has become impossible to execute as initially intended due to unforeseen circumstances.

Antique Japanese Sword

A traditional and historical Japanese sword, such as a katana, that is of significant age, valued for its craftsmanship and historical importance.

Fencing Foil

A lightweight sword used in the sport of fencing, characterized by its flexible, rectangular blade and a blunted or covered tip to prevent injury.