What effect each of the following events would have on lras, Ask an Expert

Economics

What effect each of the following events would have on LRAS? Would LRAS shift left, right or no effect? Explain why.

1. Nation experiences a flood of immigrants from the neighboring country.

2. Government increases minimum wage.

3. Mosanto develops synthetic hormone that increases milk production when injected into cows.

4. Hurricane Irene causes severe damage to oil refineries.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91669510

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