Indicate whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply (LRAS).
a. Many workers leave the United States for employment opportunities in Asia.
b. Congress limits the work week to 40 hours.
c. The United States closes itself to international trade.
d. The United States discovers a new mineral deposit.
Answers: 2
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Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
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Indicate whether each of the following events will increase, decrease, or have no effect on long-run...
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