(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 affec which of the following? Check all that apply. The inflation rate The level of technological knowledge The quantity of physical capital The size of the labor force Suppose when unemployment is at its natural rate the economy produces a level of real GDP equal to \( \$ 60 \) 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 significantly increases the minimum wage. This change in policy will cause the natural rate of unemployment to which will: Shift the long-run aggregate supply curve to the right Not impact the long-run aggregate supply curve Shift the long-run aggregate supply curve to the Ieft Complete the following table by determining how each event impacts the position of the long-run aggregate supply (LRAS) curve.