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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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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