Indicate whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply (LRAS).
a. The United States experiences a wave of immigration.
b. Congress raises the minimum wage to $15 per hour.
c. The United States closes itself to international trade.
d. A severe hurricane damages factories along the East Coast.
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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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