Which of the following would shift aggregate supply to the right?

Question

Quizplus · Accepted Answer

A decline in the price of imported natural resources would lower production costs and increase profit, leading to an increase in aggregate supply. A technological advance would increase productivity and lower costs, also resulting in an increase in aggregate supply. An older labor force that leaves jobs less frequently would increase the supply of labor, potentially lowering wage costs and increasing production, resulting in an increase in aggregate supply. Therefore, all three of these options would shift aggregate supply to the right.

Which of the Following Would Shift Aggregate Supply to the Right