In the following table, determine how each event affects the position of the long-run aggregate supply (LRAS) curve. Direction of LRAS Curve Shift The government allows more immigration of working-age adults who find work. (RIGHT, LEFT, NO SHIFT) For environmental and safety reasons, the government requires that the country's nuclear power plants be permanently shut down. (RIGHT, LEFT, NO SHIFT) A natural disaster destroys a significant amount of the economy's production facilities. (RIGHT, LEFT, NO SHIFT)

In the following table, determine how each event affects the position of the long-run aggregate supply (LRAS) curve. Direction of LRAS Curve Shift The government allows more immigration of working-age adults who find work. (RIGHT, LEFT, NO SHIFT) For environmental and safety reasons, the government requires that the country's nuclear power plants be permanently shut down. (RIGHT, LEFT, NO SHIFT) A natural disaster destroys a significant amount of the economy's production facilities. (RIGHT, LEFT, NO SHIFT)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Aggregate Demand And Supply

Section: Chapter Questions

Problem 6SQP

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	Direction of LRAS Curve Shift
The government allows more immigration of working-age adults who find work.	(RIGHT, LEFT, NO SHIFT)
For environmental and safety reasons, the government requires that the country's nuclear power plants be permanently shut down.	(RIGHT, LEFT, NO SHIFT)
A natural disaster destroys a significant amount of the economy's production facilities.	(RIGHT, LEFT, NO SHIFT)

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