Business, 07.04.2020 19:53 stephany5439

Explain how each of the following events would affect the long-run aggregate supply curveLOADING a. The price level increases. Because this is a change in ▼ the price level the productive capacity of the economy , the LRAS curve will ▼ shift to the left not change shift to the right . b. The labor force increases. Because this is a change in ▼ the productive capacity of the economy the price level , the LRAS will ▼ not change shift to the left shift to the right . c. There is an increase in the quantity of capital goods. Because this is a change in ▼ the productive capacity of the economy the price level , the LRAS will ▼ not change shift to the right shift to the left . d. Technological change occurs. Because this is a change in ▼ the productive capacity of the economy the price level ,

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Explain how each of the following events would affect the long-run aggregate supply curveLOADING a....

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