Which of the following does not influence the position of the long-run aggregate supply curve?
A)The quantity of raw materials available for production
B)The quantity of capital used in production
C)The quality of the labor force
D)The actual price level
E)The size of the labor force

Question

Quizplus · Accepted Answer

The position of the long-run aggregate supply curve is determined by factors such as the quantity and quality of labor, the quantity and quality of capital, and the available technology. The actual price level does not affect the position of the long-run aggregate supply curve but rather represents a point on the curve. Therefore, choice D is the correct answer.

Which of the Following Does Not Influence the Position of the Long-Run