All of the following will shift the short-run aggregate supply (SRAS)curve EXCEPT
A)a change in the price level.
B)a change in the price of labor.
C)a change in the price of a needed raw material.
D)technological progress.

Question

Quizplus · Accepted Answer

A change in the price level would cause movement along the SRAS curve, not a shift. B, C, and D would shift the SRAS curve as they all represent changes in production costs or productivity.

All of the Following Will Shift the Short-Run Aggregate Supply