In which situation would the long-run aggregate-supply curve shift right?
A) if immigration from abroad decreases
B) if the capital stock decreases
C) if the money supply increases
D) if technology advances

Question

Quizplus · Accepted Answer

If technology advances, it increases the productivity of workers and machines, which leads to a decrease in production costs and an increase in potential output. This causes the long-run aggregate-supply curve to shift right.

In Which Situation Would the Long-Run Aggregate-Supply Curve Shift Right