Which of the following factors will not shift the long-run aggregate supply curve?
A)An increase in capital accumulation
B)An increase in available resources
C)An increase in the price level
D)An improvement in production technology

Question

Quizplus · Accepted Answer

The long-run aggregate supply curve represents the total output an economy can produce when both capital and labor are fully utilized. It is not affected by changes in the price level, as these are considered short-term fluctuations. Factors like capital accumulation, available resources, and production technology directly impact an economy's productive capacity, thus can shift the curve.

Which of the Following Factors Will Not Shift the Long-Run