PRICE LEVEL https://apia.apps 0 10 20 30 40 50 60 70 80 OUTPUT (Billions of dollars) Suppose the government passes a law that significantly increases the minimum wage. The policy will cause the natural rate of unemployment to , which will: O Shift the long-run aggregate supply curve to the left O Not affect the long-run aggregate supply curve O Shift the long-run aggregate supply curve to the right 2 132 128 124 120 116 112 108 104 100 5 LRAS
PRICE LEVEL https://apia.apps 0 10 20 30 40 50 60 70 80 OUTPUT (Billions of dollars) Suppose the government passes a law that significantly increases the minimum wage. The policy will cause the natural rate of unemployment to , which will: O Shift the long-run aggregate supply curve to the left O Not affect the long-run aggregate supply curve O Shift the long-run aggregate supply curve to the right 2 132 128 124 120 116 112 108 104 100 5 LRAS
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter33: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 7PA
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