A change in which of the following would not shift long-run AS?
A) capital stock
B) inflation expectations
C) productivity
D) all of the above

Name: A change in which of the following would not shift long-run AS? A) capital stock B) inflation expectations C) productivity D) all of the above
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Question

Quizplus · Accepted Answer

Inflation expectations affect the short-run aggregate supply but do not shift the long-run aggregate supply (LRAS), which is determined by factors like capital stock, natural resources, and productivity.

A Change in Which of the Following Would Not Shift