Question

Question 12 of 16 % Indicate whether the scenarios would result in an increase, a decrease, or no change in the long-run aggregate supply (LRAS) curve for a hypothetical economy. Each label may be used more than once. The mandatory retirement age is abolished. Answer Bank The economy's main export is candy. Candy from this country increases in popularity around the world. increases the LRAS curve decreases the LRAS curve Since candy has become an international sensation, factories double the number of candy-making machines. no change in the LRAS curve The top candy companies choose to relocate their means of production to other countries around the world.

Answer 1

The mandatory retirement..... Increases LRAS curve

The economy's main export....- no change in the LRAS curve

Since Candy has become....- increases the LRAS curve

The top candy companies......- decreases the LRAS curve