Question: A)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.

A)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.

B)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.

C)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?

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4. What specific changes in the environment have taken place in relation to the information we have collected?

2. The purpose of the acquisition of the information.

1. What is the meaning of the information we are collecting?