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The third part of LRAS curve is vertical line what does this mean

User INardex
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The answer is the economy is completely efficient. Increases in potential output or a rightward shift in the LRAS curve are usually due to the following: 1. Increases in quantities of factors of production. For example, an increase in the quantity of physical capital, or land (eg. discovery of oil reserves) - the economy is capable of producing more real GDP.

User Steven Scotten
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