Which of the following would shift the short run aggregate supply curve but not have any impact on the long-run aggregate supply curve?
A) an increase in the land area of a country
B) an increase in the price level faced by consumers in a country
C) an increase in technology
D) an increase in market concentration in many industries

Question

Quizplus · Accepted Answer

An increase in market concentration in many industries can affect short-run aggregate supply by influencing prices and output levels due to reduced competition, but it does not change the long-run productive capacity of the economy.

Which of the Following Would Shift the Short Run Aggregate