4. Answer and explain

Suppose the Fed doubles the prowith rate of the quantity of me money preoth will change which off the following? Check a" that again. The inflation rate The Price level The quantity of physical capital The level of technological knowledge Suppose the economy produces real GOP of $50 tillon when unemployment is at its eatoral rate. Use the purple berts (Cameed annise) to plet the economy's forg-nen apprugate supply (LRAS/ curve on the proph IRAS OUTPUT Bitors of scuart) Suppose the government parses a law that significantly increases the minimum wage. The policy will cause the natural rate of unemployment to which wil: shift the long-run appregate supply curve to the left Not affect the long-run aggregate supply curve shift the long run aggregate supply curve to the right. To the following table, determine how each event affects the position of the long run apprepare supply (LRAS) curve. Direction of LRAS Curve Shift Mary workers leave to pursue more lucrative careers in foreign economies. A scientific breakthrough tipnificently in tion per acre of farmland. A government-sponsored training program in asks the skill level of the workforce