Which of the following shifts both the LAS and SAS curves?
A) a change in the price level
B) a change in the money wage rate
C) a simultaneous change in both the price level and the money wage rate
D) an advance in technology

Question

Quizplus · Accepted Answer

An advance in technology increases the productive capacity of the economy, shifting both the Long-Run Aggregate Supply (LAS) and Short-Run Aggregate Supply (SAS) curves to the right.

Which of the Following Shifts Both the LAS and SAS