Long- Run Aggregate Supply Curve shifts?

[blaisdell]

Suppose the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to _____ (rise/fall).

How does each of the following affect the position of the LRAS Curve?

1. The government allows more immigration of working-age adults. The LRAS will shift ______(right/left).
2. This economy's primary source of foreign oil decides to cease exports for political reasons. The LRAS will shift ______(right/left).
3. A natural disaster destroys a significant amount of the economy's production facilities. The LRAS will shift (right/left).

[darrick34]

fall
right
left
left.