Which of the following events will increase short- run aggregate supply?
A)An increase in foreign income
B)An advance in technology
C)An increase in the natural unemployment rate
D)An increase in resource prices

Question

Quizplus · Accepted Answer

An advance in technology improves productivity, allowing more goods and services to be produced with the same amount of resources, thus increasing short-run aggregate supply.

Which of the Following Events Will Increase Short- Run Aggregate