Aggregate-supply Nikolay Krylovskiy2020-01-29T15:53:57-05:00
Assuming the economy is in an initial equilibrium at X, identify where the new equilibrium will be, if:
- There is an increase in the number of labour strikes which raises average wages but does not improve productivity.
- The exchange rate of an economy’s currency depreciates.
- There is an oil shock which raises oil prices.
- Labour markets are deregulated to enable greater migration into an economy.
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