Question: I need help with doing this homework assignment. The slope and position of the long-run aggregate supply curve Suppose the Fed doubles the growth rate

I need help with doing this homework assignment. The slope and position of the long-run aggregate supply curve

Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following?Check all that apply.

1.The inflation rate

2.The size of the labor force

3.The quantity of physical capital

4.The level of technological knowledge

Suppose the economy produces real GDP of $40 billion when unemployment is at its natural rate.

Suppose the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly.

The policy will cause the natural rate of unemployment to RISE OR FALL ?, which will also: (select answer A, B, OR, C)

A) Not affect the long-run aggregate supply curve ?

B) Shift the long-run aggregate supply curve to the left ?

C)Shift the long-run aggregate supply curve to the right?

In the following table, determine how each event affects the position of the long-run aggregate supply (LRAS) curve.

Direction of LRAS Curve Shift either: ( LEFT, NO SHIFT, OR RIGHT)?

1.Many workers leave to pursue more lucrative careers in foreign economies.(LEFT, NO SHIFT, OR RIGHT)?

2.A scientific breakthrough significantly increases food production per acre of farmland. (LEFT, NO SHIFT, OR RIGHT)?

3. A natural disaster destroys a significant amount of the economy's production facilities. (LEFT, NO SHIFT, OR RIGHT)?

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