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Explain how each of the following events would affect the longrun aggregate supply curve. a. The price level increases. Because this is a change in

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Explain how each of the following events would affect the longrun aggregate supply curve. a. The price level increases. Because this is a change in , the LRAS curve will b. The labor force increases. UM Because this is a change in , the LRAS will c. There is an increase in the quantity of capital goods. Because this is a change in _ the LRAS will d. Technological change occurs. Because this is a change in _ the LRAS will the productive capacity of the economy the price level U

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