Question: Could you please help with answering this question? 6. Using the graph below, illustrate the following:- (10) a. the effects of wage increases along with
Could you please help with answering this question?

6. Using the graph below, illustrate the following:- (10) a. the effects of wage increases along with increases of other input prices on the short-run and long-run aggregate supply if it doesn't result in a permanent reduction in the supplyr of those inputs? What type of gap will result? What happens to the price level, real output, employment, and unemployment? b. Using the results in a, illustrate and explain the eventual long-run equilibrium in that case
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