Explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate
Question:
Explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply.
a. The United States experiences a wave of immigration.
b. Congress raises the minimum wage to $15 per hour.
c. Intel invents a new and more powerful computer chip.
d. A severe hurricane damages factories along the East Coast.
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Lets analyze each event in terms of its impact on longrun aggregate supply LRAS a The United States ...View the full answer
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