Which of the following will NOT shift the shortrun aggregate
Which of the following will NOT shift the short-run aggregate supply function? a. changes in labor costs b. changes in the costs of non-labor inputs c. changes in the price level d. changes in the expected price level
Solution
c. changes in the price level
Aggregate supply curve is an upward-sloping curve in the short-run which demonstrates the quantity of total output that will be produced at each price level in the short run
