If wages or prices of other inputs change, the aggregate supply curve will shift to another position.

Name: If wages or prices of other inputs change, the aggregate supply curve will shift to another position.
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Quizplus · Accepted Answer

A change in the cost of other inputs, such as labor or materials, will impact the overall cost of production and change the level of output firms are willing to supply at every price level. This will shift the aggregate supply curve to a new position.

If Wages or Prices of Other Inputs Change, the Aggregate