Which of the following will NOT shift the short-run aggregate supply (SRAS) curve?
A) A change in the wage rate
B) Technological progress
C) A reduction in the price of a raw material
D) A change in the price level

Question

Quizplus · Accepted Answer

SRAS is not affected by changes in price level as it is based on the nominal wage rate and other input prices remaining constant. Therefore, a change in the price level will not shift the SRAS curve.

Which of the Following Will NOT Shift the Short-Run Aggregate