Clear Ans.

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 a\" that apply. C] The price level E] The size of the labor force E] The quantity of physical capital C] The level of technological knowledge Suppose the economy produces real GDP of $60 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. (9 HZ HE LRAS H4 on LEVEL \"a Use the purple points (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve on the graph. 132 128 LRAS 124 PRICE LEVEL 120 116 112 108 104 100 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 , which will:Suppose the government passes a law that signicantly increases the minimum wage. The policy will cause the natural rate of unemployment to V , which will: 0 Shift the longrun aggregate supply curve to the left 0 Not affect the longrrun aggregate supply curve 0 Shift the longrun aggregate supply curve to the right In the following table, determine how each event affects the position of the longrun aggregate supply {LRAS} curve. Direction of LRAS Curve Shift Many workers leave to pursue more lucrative careers in foreign economies. V This economy's primary source of foreign oil decides to cease experts for political reasons. V A governmentrsponsored training program increases the skill level of the workforce. V