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Suppose the short-run supply curve is a straight line of slope +1 that intersects the origin. The long-run supply curve will be
Power Elite
A small group of people who hold disproportionate amounts of power in society, often through wealth, political influence, or military control.
American Society
Describes the social structure, culture, and community life specific to the United States of America.
Military Elite
A group within the armed forces that holds considerable power, often characterized by higher status, skills, or strategic importance.
Business Elite
A term referring to those individuals occupying the top positions in economic enterprises or organizations, who have significant influence over decision-making processes and resource allocations in the business sector.
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