The aggregate supply curve would shift leftward if there is a decrease in resource prices, an increase in the availability of resources, or an increase in labor productivity.

Question

Quizplus · Accepted Answer

The aggregate supply curve would shift rightward, not leftward, with a decrease in resource prices, an increase in the availability of resources, or an increase in labor productivity, as these factors lower production costs and increase the total output an economy can produce at every price level.

The Aggregate Supply Curve Would Shift Leftward If There Is