Explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply. 1. The United States experiences a wave of immigration. 2. Congress raises the the minimum wage to $10 an hour. 3. Intel invents a new and more powerful computer chip. 4. A severe hurricane damages factories along the east coast.
Explain whether each of the following events will increase, decrease, or have no effect on long-runaggregate supply. 1. The United States experiences a wave of immigration. 2. Congress raises the…
