Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run

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Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this event?

a. A rise in the value of the domestic currency relative to other world currencies

b. An increase in the quantity of money in circulation

c. An increase in the labor force participation rate

d. A decrease in taxes

e. Increased long-run economic growth

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:40 PM

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Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run

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