Question

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. (Left, No shift, Right)

A scientific breakthrough significantly increases food production per acre of farmland. (left, no shift, right)

A government-sponsored training program increases the skill level of the workforce. (left, no shift, right)

Answer 1

Correct answers is:

`1) Right~ 2)Right~ 3)Right`

Hope this helps

Answer 2

The government allows more immigration of working-age adults who find work.
LRAS Curve Shift Right

A scientific breakthrough significantly increases food production per acre of farmland.
LRAS Curve Shift right

A government-sponsored training program increases the skill level of the workforce.
LRAS Curve Shift right