Question
1. Explain how the changes listed below will alter aggregate supply in the short-run and long-run? a. a reduction in the size of the labour
1. Explain how the changes listed below will alter aggregate supply in the short-run and long-run?
a. a reduction in the size of the labour force.
b. increases in government regulations.
c. decrease in input prices (that does not reflect permanent changes in supplies).
d. an increase in input prices (that reflects permanent changes in their supplies).
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
