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 prices of raw materials.
D) technological progress.

Question

Quizplus · Accepted Answer

A change in the price level would cause a movement along the SRAS curve, but not a shift of the curve itself. Changes in the price of labor, raw materials, and technological progress would shift the SRAS curve.

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