Changes in which of the following shifts the aggregate supply curve?
I.the price level
Ii.the money wage rate
Iii.potential GDP
A)i only
B)ii only
C)iii only
D)ii and iii
E)i,ii,and iii

Question

Quizplus · Accepted Answer

The aggregate supply curve is affected by changes in the money wage rate and potential GDP. Changes in the price level do not shift the aggregate supply curve; they result in movements along the curve.

Changes in Which of the Following Shifts the Aggregate Supply