5.2 Explain how each of the following events would affect the long-run aggregate supply curve a. A lower price level b. A decrease in the labor force A decrease in the quantity of capital goods d. Technological change C.

5.2 Explain how each of the following events would affect the long-run aggregate supply curve a. A lower price level b. A decrease in the labor force A decrease in the quantity of capital goods d. Technological change C.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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this is all one question,but i dont know how these effect long run aggregate

5.2 Explain how each of the following events would affect the
long-run aggregate supply curve
a. A lower price level
b. A decrease in the labor force
A decrease in the quantity of capital goods
d. Technological change
C.

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