Principles of Economics, 7th Edition (MindTap Course List)
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 33, Problem 2PA

Sub part (a):

To determine

Impact of different events on the long run aggregate supply.

Sub part (b):

To determine

Impact of different events on the long run aggregate supply.

Sub part (c):

To determine

Impact of different events on the long run aggregate supply.

Sub part (d):

To determine

Impact of different events on the long run aggregate supply.

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QUESTION 2 Explain whether each of the following events will increase, decrease or have no effect on long-run aggregate supply. a) Malaysia experiences a wave of immigration. b) Intel invents a new and more powerful computer chip. c) Tenaga Nasional Berhad (TNB) invests in new electricity transmission technology. d) A severe flood damages factories in Pahang.
What kind of change would happen to  aggregate demand, aggregate supply, and real GDP. if foreign countries purchase an unusually large number of U. S. manufactured passenger and military airplanes.
The following event has occurred in the history of the United States: The world oil price rises sharply.  Explain for event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.
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