(Solved): Assume the Federal Reserve triples the growth rate of the quantity of money in circulation. In the ...

Assume the Federal Reserve triples the growth rate of the quantity of money in circulation. In the long run, this increase in money growth will affect which of the following? Check all that apply. The level of technological knowledge The quantity of physical capital The size of the labor force The price level Suppose when unemployment is at its natural rate the economy produces a level of real GDP equal to \( \$ 50 \) billion. Using the purple points (diamond symbol) plot the economy's long-run aggregate supply (LRAS) curve on the graph. Suppose now the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. This change in policy will cause the natural rate of unemployment to , which will: Not impact the long-run aggregate supply curve Shift the long-run aggregate supply curve to the right Shift the long-run aggregate supply curve to the left Complete the following table by determining how each event impacts the position of the long-run aggregate supply (LRAS) curve.