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Business, 01.10.2019 16:10 KillerSteamcar

The long run aggregate supply curve is a vertical line. it is so because it has nothing to do with the price level. it is rather determined by availability of economic resources and technology. how will the followings shift the long run aggregate supply (lras) curve? to the right, to the left? a. climate change permanently reduces the amount of land that can be farmed. b. immigration increases the available supply of labor. c. ageing population takes workers out of the labor force. d. a new law stripping away intellectual property rights reduces the incentive to innovate.

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