Question: 7. What effect will the following changes have on aggregate supply and on potential GDP (LAS)? a) an increase in the price of imported crude

7. What effect will the following changes have on aggregate supply and on potential GDP (LAS)?

a) an increase in the price of imported crude oil

b) an increase in the number of immigrants entering Canada

c) the discovery of extensive oil deposits in northern Canada

d) a substantial increase in wage settlements

e) the introduction of a microchip that reduces computer processing time by 80 percent

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