All of the following shift the LAS curve EXCEPT A) technological progress. B) a change in the capital stock. C) an increase in the money wage rate. D) an increase in the stock of human capital.

Question

Quizplus · Accepted Answer

An increase in the money wage rate would shift the SAS curve, as it would increase the cost of production and decrease the profitability of producing goods and services, leading to a lower quantity of output supplied at each price level. Technological progress, a change in the capital stock, and an increase in the stock of human capital would all shift the LAS curve, as they would increase the economy's potential output and productivity in the long run.

All of the Following Shift the LAS Curve EXCEPT