Describe in detail how the labour market interacts with the long-run aggregate supply curve
112) Describe what happens in the economy when there is an increase in the level of the factors of production (the endowment) in the short run and long run.
113) Describe the three possibilities that occur when the price level rises.
114) Explain with the aid of diagrams and explanations how price level changes effect the long run equilibrium
115) Explain in detail how the multiplier effect assists in determining the price level in the long run.
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testing With attachment 4Aug 07 2020
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