3. A full-time work week in the US is generally considered to be 40 hours. Yet 86% of males and 66% of females report that they work more than 40 hours per week (at least they did pre-pandemic). Indeed, the average full-time worker works 47 hours per week. This is a much longer workweek than is common in other countries. In France, for example, the maximum work week is, by law, 35 hours. There is some movement in the US to reduce the length of the standard work week. For example, Vermont Senator Bernie Sanders has said that he would be willing to consider legislation reducing the maximum work week to 32 hours without any reduction in the rate of pay.

Suppose that US Congress does pass and enforce a law setting the maximum length of the work week at 32 hours, without any reduction in the rate of pay for workers. Use Aggregate Demand-Aggregate Supply analysis to explain the effects of this change in the work on equilibrium GDP, unemployment rate, and inflation rate.

The phrase "use Aggregate Demand-Aggregate Supply analysis" means that you should explain your answer in terms of how the change in spending will affect Aggregate Demand or Aggregate Supply, and then explain what happens step-by-step as a result of that change. A full-credit answer will explain the step-by-step process in correct order, indicating what causes what.