The long-run aggregate supply curve would shift to the right if:
A) technology became more advanced.
B) faster 5G mobile technology was widely adopted.
C) the growth rate of the labor force increased.
D) All of these would shift the long-run aggregate supply curve to the right.

Question

Quizplus · Accepted Answer

All of these factors would lead to an increase in the economy's potential output and production capacity, shifting the long-run aggregate supply curve to the right. Technological advancements and faster mobile technology would increase productivity and efficiency, while an increase in the labor force would increase the availability of resources and potential output.

The Long-Run Aggregate Supply Curve Would Shift to the Right