Which of these 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 across many industries

Question

Quizplus · Accepted Answer

An increase in market concentration across many industries can affect short-run aggregate supply by reducing competition and potentially increasing prices, but it does not affect the long-run aggregate supply, which is determined by factors like resources, technology, and labor force.

Which of These Would Shift the Short-Run Aggregate Supply Curve