The long-run aggregate supply curve will not shift if there is a change in A. amount of capital. B. the price level. C. technology. D. amount of labor. All of the following will shift the short-run aggregate supply and the long-run aggregate supply except for A. increased training and education of the labor force. B. decreased competition. C. a temporary change in input prices. D. a depletion of raw materials.

Question

Business

Sara Tyler

28 April, 02:07

The long-run aggregate supply curve will not shift if there is a change in A. amount of capital. B. the price level. C. technology. D. amount of labor. All of the following will shift the short-run aggregate supply and the long-run aggregate supply except for A. increased training and education of the labor force. B. decreased competition. C. a temporary change in input prices. D. a depletion of raw materials.

+1

Answers (1)

Know the Answer?

Joy Cunningham · Answer 1

The long-run aggregate supply curve will not shift if there is a change in

B. the price level.

A change in the price level only results in a movement along the long-run aggregate supply curve, it doesn't cause a shift. Only when the quantity of factors of production changes, will the LRAS curve shift.

All of the following will shift the short-run aggregate supply and the long-run aggregate supply except for

C. a temporary change in input prices.

Basically the same logic as the previous answer, a change in price level doesn' shift the LRAS curve.