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. Canada experiences a wave of immigration.
b. Provincial and territorial governments raise the minimum wage to $15 per hour.
c. Intel invents a new and more powerful computer chip.
d. A severe hurricane damages factories along the east coast.
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Related Book For
Principles Of Macroeconomics
ISBN: 9780176591977
7th Canadian Edition
Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie
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