Government can affect both long-run and short-run aggregate supply with changes in labour market policies.

Name: Government can affect both long-run and short-run aggregate supply with changes in labour market policies.
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Question

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Changes in labour market policies such as minimum wage laws or government-funded training programs can affect the availability and productivity of workers, therefore impacting both short-run and long-run aggregate supply.

Government Can Affect Both Long-Run and Short-Run Aggregate Supply with Changes