A change in results in a movement along the short- run aggregate supply curve but no shift in the short- run aggregate supply curve.
A) technology
B) the quantity of capital
C) the price level
D) the money wage rate

Question

Quizplus · Accepted Answer

A change in the price level will result in movement along the short-run aggregate supply curve, as the quantity of output supplied by firms changes in response to changes in the price level. However, it does not shift the short-run aggregate supply curve itself. Changes in technology, the quantity of capital, and the money wage rate can shift the short-run aggregate supply curve.

A Change in Results in a Movement Along the Short-