Which of the following does NOT affect the long-run aggregate supply curve?
A) technology
B) production possibilities curve
C) endowments of resources
D) price level

Question

Quizplus · Accepted Answer

The long-run aggregate supply curve is not affected by changes in the price level. It is determined by factors such as technology, production possibilities, and endowments of resources, which are independent of price level changes.

Which of the Following Does NOT Affect the Long-Run Aggregate