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Explain whether each of the following events will increase, decrease, or have no effect on long run aggregate supply. a) The U.S. experiences a wave
Explain whether each of the following events will increase, decrease, or have
no effect on long run aggregate supply.
a) The U.S. experiences a wave of immigration.
b) Congress raises the minimum wage to $10 per hour.
c) Intel invents a new and more powerful computer chip.
d) A severe hurricane damages factory along the East Coast.
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