4 . The slope and position of the longrun aggregate supply curve Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply. C The size of the labor force C The quantity of physical capital C The inflation rate C The level of technological knowledge Suppose the economy produces real GDP of $70 billion when unemployment is at its natural rate. Use the purple points (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve on the graph. 132 128 LRAS 124 120 PRICE LEVEL 116 112 108 104 100 0 10 20 30 40 50 60 70 80 OUTPUT (Billions of dollars)Suppose the government passes a law that significantly increases the minimum wage. The policy will cause the natural rate of unemployment to V , which will: 0 Shift the long-run aggregate supply curve to the right 0 Not affect the long-run aggregate supply curve 0 Shift the long-run aggregate supply curve to the left In the following tabi'e, determine how each event a'ects the position of the long-run aggregate supply (LRAS) curve. Direction of LRAS Curve Shift The government allows more immigration of working-age adults who find work. V This economy's primary source of foreign oil decides to cease exports for political reasons. V A government-sponsored training program increases the skill level of the workforce. 'V