3. Explain whether each of the following events will increase, decrease or have no effect on long-run
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3. Explain whether each of the following events will increase, decrease or have no effect on long-run aggregate supply:
a. The country experiences a wave of immigration.
b. The government raises the minimum wage above the national average wage level.
c. A war leads to the destruction of a large number of factories.
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Related Book For
Business Economics
ISBN: 388402
2nd Edition
Authors: Mark P. Taylor, Andrew Ashwin, N. Gregory Mankiw
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