2002 FRQ #2
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First name *
Last name *
SCHOOL email address *
Class period *
Explain how each of the following will affect long-run aggregate supply (potential RGDP).
a. A decrease in the labor force participation rate
a. LRAS will... *
a. Explain. *
b. An increase in the government deficit following a reduction in personal income taxes.
b. LRAS will... *
b. Explain. *
c. A decrease in the quantity of inputs required to produce a unit of output.
c. LRAS will... *
c. Explain. *
d. An increase in the quantity and quality of education
d. LRAS will... *
d. Explain. *
e. An increase in the rate of savings.
e. LRAS will... *
e. Explain. *
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