Question: Let's turn to the long run aggregate supply curve which is depicted as a vertical line. The LAS representsthe level of output that the economy

Let's turn to thelong runaggregate supply curve which is depicted as a vertical line. The LAS representsthe level of output that the economy produces when unemployment is at its natural rate.Any change in the economy that alters the natural rate of output shifts the long-run aggregate-supply curve.

Can you explain three important factors that may cause such a shift in the LAS and how?

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