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Describe whether it shifts the short-run aggregate supply

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Reference no: EM13395319

For each of the following, explain whether it shifts the short-run aggregate supply curve, the long-run aggregate supply curve, or the aggregate demand curve (or more than one of these).

a. Households decide to save a smaller share of their disposable income.

b. There is an 8-week strike in the steel industry.

c. A drought in the Midwest causes poor wheat harvest.

d. The labor force participation rate increases.

Reference no: EM13395319

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