Question

Indicate whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply (LRAS). Event Effect on LRAS The United States experiences a wave of immigration. Congress limits the work week to 40 hours. Intel invents a new and more powerful computer chip. The United States discovers a new mineral deposit.

Answer 1

The answer each of the following events would be

Step-by-step explanation:

Congress limits the work week to 40 hours, will not affect as long as the hours worked are effective for the achievement of set goals

Intel invents a new and more powerful computer chip, can increase only depends on what the entrepreneur is willing to produce and sell

The United States discovers a new mineral deposit, can increase only depends on what the entrepreneur is willing to produce and sell