Which of the following would cause the long-run aggregate supply curve to shift to the right?
Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply)
an increase in the size of the labor force
a decrease in nominal wages
an improvement in technology
an increase in the supply of capital goods
Homework Answers
Answer
Option 1, 3 and 4
The long-run supply curve is a level of potential output and it changes if the potential output of economy changes, a potential output changes if there is a change in resources and technology
The increase in labor force or capital good increases the long-run aggregate supply curve. Also, it is true for improvement in technology.
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Which of the following would cause the long-run aggregate supply curve to shift to the right?
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to...
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