Ap macroeconomics Exam: Course Study Guide [ unit I ] What is economics?



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Two Scenarios

“Something that can…”



1

natural rate of UE such as an

UE compensation





right shift in LRPC from LRPC1  LRPC2

(This is left shift LRAS)



explanation required

(i.e. technology, stock of labor, capital, or land)



2

natural rate of UE such as a

UE compensation





left shift in LRPC from LRPC1  LRPC3

(This is right shift LRAS)



explanation required

(i.e. technology, stock of labor, capital, or land)




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