Which of the following changes does NOT shift the short- run aggregate supply curve?
A)An increase in technology
B)An increase in the price level
C)An increase in the quantity of capital
D)An increase in the money wage rate

Question

Quizplus · Accepted Answer

An increase in the price level does not shift the short-run aggregate supply curve; it results in a movement along the curve. Changes in technology, capital, or wage rates can shift the curve.

Which of the Following Changes Does NOT Shift the Short-