Question
Briefly explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply, LRAS. 4.1. The United States experiences
Briefly explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply, LRAS.
4.1. The United States experiences a wave of immigration. Increase?/Decrease?/No effect?
4.2. Congress raises the minimum wage to $10 per hour. Increase?/Decrease?/No effect?
4.3. Intel invents a new and more powerful computer chip. Increase?/Decrease?/No effect?
4.4. A severe hurricane damages factories along the east coast. Increase?/Decrease?/No effect?
4.5. The FED is increasing the money supply. Increase?/Decrease?/No effect?
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Introductory Statistics
Authors: Prem S. Mann
8th Edition
9780470904107
