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(a) Give definitions of the short-run (SRAS) and long-run (LRAS) aggregate supply curves. (2 marks) (b) Explain how each of the following events would affect

(a) Give definitions of the short-run (SRAS) and long-run (LRAS) aggregate supply curves. (2 marks)

(b) Explain how each of the following events would affect the LRAS curve. (4 marks)

(i) A higher price level

(ii) An increase in the size of the labour force

(iii) An increase in the quantity of capital goods

(iv) Technological change

Would you be able to show me what the answers to these question look like in order to get full marks. thank you.

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