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. The level of technological knowledge 7 The price level The quantity of physical capital 7 The size of the labor force Suppose the economy produces real GDP of $70 billion when unemployment is at its natural rate. Use the purple paints (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve on the graph. 132 123 - LRAS 124 - 120 - 116 -- PRICE LEVEL 112 -- 108 - 104 -- 100 l l l l l l l l 0 10 20 30 40 50 60 70 80 OUTPUT (Billions of dollars) Suppose the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to , which will: O Shift the long-run aggregate supply curve to the left O Not affect the long-run aggregate supply curve O Shift the long-run aggregate supply curve to the right In the following table, determine how each event affects 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. A scientific breakthrough significantly increases food production per acre of farmland. A government-sponsored training program increases the skill level of the workforce