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3. Aggregate Supply Explain whether each of the following events shifts the short-run aggregate supply curve, the long-run aggregate supply curve, or both. a. The

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3. Aggregate Supply Explain whether each of the following events shifts the short-run aggregate supply curve, the long-run aggregate supply curve, or both. a. The economy experiences a wave of immigration. b. The minimum wage has just been increased by 5%. It is believed to have created more unemployment for the inexperienced youth and the elderly workers

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