yo! Tony Moen con 201 nw 2 lay Wueckers increase af mare people immigraze, and vill ierecse long “Con aggregate Supply. lo) Raising mininwm wage will reise _unempleymente rate and _ Becease loay-ron agyreyate supply C.) Tengrovanents in Lechnolggy leads te rise in graductivity and raise ovtpu® Ahetfee increase longrrun aggregate Sop ply A) Lomers productivity aad otpot, oe decreases leng-tn aggrepate | supply 4! He wos trying te increase aggregate demand te increase ovtpet back te is loayren equilibrium (evel. ja) |Gticky- wage *Over Sime, the nominal wages are adjested jo thet Teal wages decline, the economy cetrns te full empley ment. Sticky “price * Qver time, Firms are able +e atu their prices Ao jal the economy returns te the long ren aggeg@te suprly anil. (Mispemeptions: Tecple observe the lover price level, and their expectativas ads which CAUSES Aha ecomomy + cetera to LRAS equi. ly) For al 3 “theories | the greed of recovery depends om how fare | wages, prieS, and eggectattons adjust. wd i) rn FAs as beothlbE save me loutcing eggregateAdemand NLA sory fs orig equiN point new equil poat KIA A> Br Fre level ¥ Ovtpe pA, c | EER oon