7. What effect will the following changes have on aggregate supply and on potential GDP (LAS)? a)...

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7. What effect will the following changes have on aggregate supply and on potential GDP (LAS)?

a) an increase in the price of imported crude oil

b) an increase in the number of immigrants entering Canada

c) the discovery of extensive oil deposits in northern Canada

d) a substantial increase in wage settlements

e) the introduction of a microchip that reduces computer processing time by 80 percent

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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Question Posted: Nov 11, 2024 02:00 AM

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7. What effect will the following changes have on aggregate supply and on potential GDP (LAS)? a)...

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Principles Of Macroeconomics

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