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2 April, 15:09

All of these explain a change in long-run aggregate supply except: increases in business taxes. increases in productivity. changes in government spending. changes in resource prices.

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  1. 2 April, 18:34
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    Long-term aggregate supply (LAS) gives the representation of the potential output and the relationship between the price level and output in the long-run. The input prices are not constant. T he changes in aggregate demand only cause a temporary change in an economy's total output, so t he long-run aggregate supply curve is perfectly vertical. In the long-run, there is exactly one quantity that will be supplied. The changes in resource prices is not LAS, but short-term aggregate supply, because depends on the price of the input.
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