Increases in the quality of inputs that do not affect the quantity of those inputs, increase
A) long-run aggregate supply but not short-run aggregate supply
B) aggregate quantity supplied.
C) both long-run aggregate supply and short-run aggregate supply.
D) short-run aggregate supply but not long-run aggregate supply.
E) both long-run aggregate supply and aggregate quantity supplied.

Question

Quizplus · Accepted Answer

Improvements in the quality of inputs enhance productivity, leading to increases in both long-run and short-run aggregate supply.

Increases in the Quality of Inputs That Do Not Affect