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Graphically demonstrate the effect of each of the following on either the short-run aggregate supply

Graphically demonstrate the effect of each of the following on either the short-run aggregate supply (SAS) curve or the long-run aggregate supply (LAS) curve. Be sure to label all axes u Businesses find that they are unable to produce more iq. output without having to pay more wages or increasing their costs of capital. ir. Productivity rises by 3% and input prices rise by 5%. is. A forest fire destroys a significant portion of Canada. it. The country's currency depreciates dramatically. u. Productivity rises by 3% and wages rise by 3%.

Apr 30 2020 View more View Less

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