Which of the following will shift the aggregate supply curve upward?
A) A decrease in world oil prices
B) Bad weather,which increases farmers' costs per unit of output
C) Increases in consumer spending
D) An increase in the price level
E) Technological changes that improve worker productivity.

Question

Quizplus · Accepted Answer

Bad weather increases farmers' costs per unit of output, which reduces the overall supply, causing the aggregate supply curve to shift upward (or to the left).

Which of the Following Will Shift the Aggregate Supply Curve