A movement along the economy's AS curve could be caused by a change in
A)labour productivity.
B)the cost of capital.
C)the price level,caused in turn by an AD shock.
D)technology.
E)the wage rate.

Question

Quizplus · Accepted Answer

A movement along the Aggregate Supply (AS) curve is typically caused by a change in the price level, which can be due to an Aggregate Demand (AD) shock. Other factors like labor productivity, cost of capital, technology, and wage rate would shift the AS curve rather than cause a movement along it.

A Movement Along the Economy's AS Curve Could Be Caused