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Old 04-30-2008, 12:43 AM
thenumberq2 thenumberq2 is offline
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thenumberq2 has a spectacular aura about
a) decreases LRAS (since the effects of immigration are only temporary before output falls back below it's natural rate)
b) increases LRAS (by increasing incentives for labourers to supply labour)
c) decreases LRAS (by increasing the ratio of capital to labour, reducing labour supply)
d) increases LRAS (opposite of c)
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