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According to what was in the lecture slides, which of the following would shift the LRAS...

According to what was in the lecture slides, which of the following would shift the LRAS curve right?

Group of answer choices

Stagflation

An increase in the country’s consumption

An increase in input prices

An increase in a country’s amount of physical capital

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Answer #1

The correct answer is 'Option D'.

An increase in the long-run aggregate supply curve will be because of an increase in the aggregate supply in the economy. An increase in aggregate supply will occur if the economy has more resources to produce. So, it will also shift the long-run aggregate supply curve to the right. The changes in aggregate demand only temporarily change the aggregate supply curve in the short run and have no impact on the long-run aggregate supply curve. Therefore, the correct answer is 'Option D'.

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