Can the AS/LRAS shift when there are governmental controls?)

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21-03-2017
Advanced Placement (AP)

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Can the AS/LRAS shift when there are governmental controls?)

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tabbyflcca tabbyflcca · Answer 1 · 2017-03-21T15:21:20+01:00

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21-03-2017

if input prices, such as wages and raw material prices, were set by the government rather than in markets then it will affect aggregate supply in the economy.

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