The dynamic aggregate supply curve will shift if any of the following changes except the:
A) current inflation rate.
B) past inflation rate.
C) natural level of output.
D) supply shock.

Question

Quizplus · Accepted Answer

The dynamic aggregate supply curve shifts due to changes in the natural level of output, past inflation rate, and supply shocks, but not due to changes in the current inflation rate. The current inflation rate affects the position on the curve, not the position of the curve itself.

The Dynamic Aggregate Supply Curve Will Shift If Any of the Following