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Questions 1. Define the long-run aggregate supply curve? Is there any relationship between the production-possibilities (p-p) curve and its long-run aggregate supply curve (LRAS)? Explain any differences. 8 Marks 2. What are the main factors that can cause the p-p curve to shift? Do these factors also cause the LRAS to shift? Has Covid-19 caused Canada's LRAS curve to shift? Explain. 12 Marks 3. Regarding the GDP, provide an example of how double- accounting might occur. How can double-accounting be avoided? Explain how price indexes are used to deflate and inflate the GDP. Why? 10 Marks