Question
In the Industrial Revolution, the long-run productive capacity of many economies increased. How does this affect LAS and SAS? Which direction do these curves move
In the Industrial Revolution, the long-run productive capacity of many economies increased. How does this affect LAS and SAS? Which direction do these curves move in? Draw the effects of the Industrial Revolution on the LAS and SAS curves in an AD-AS diagram, labelling the shifts to the curves.
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
