"Spanish conquistadors settled in the Caribbean in search of gold and riches to bring back for their country."
"Spanish conquistadors were explorer-soldiers who settled in the Caribbean with the aim to amass wealth and fortune. Christopher Columbus arrived in the Caribbean in 1492 and claimed the area for Spain. Spanish settlements began to sprout in the region in the following years. The Caribbean’s importance also included its strategic location.
From the early 17th century, non-Hispanic traders and settlers also arrived and established permanent colonies and trading posts in the various Caribbean islands, particularly in areas where Spanish power was weak or absent."
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The long-run aggregate supply curve will shift to the right if a given economy experiences technological advancements.
<h3>What is the aggregate supply curve?</h3>
The aggregate supply curve is a graphical representation that makes reference to all processes that add value to the productive chain.
The aggregate supply curve is mainly influenced by technological inputs that increase productivity.
In conclusion, the long-run aggregate supply curve will shift to the right if a given economy experiences technological advancements.
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