Describe the long-run aggregate supply

Reference no: EM131481464

Question: Describe whether the following changes cause the long-run aggregate supply to increase, decrease, or neither.

a. The price level increases.

b. The stock of capital in the economy increases.

c. Natural resources increase.

d. The price level decreases.

e. Firms and workers expect the price level to rise.

f. The number of workers in the labor force increases.

Reference no: EM131481464

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