The long-run aggregate supply curve would shift to the right if:
A) the unemployment rate decreased.
B) faster 5G mobile technology was widely implemented.
C) the inflation rate decreased.
D) The long-run aggregate supply curve is fixed and does not shift.

Question

Quizplus · Accepted Answer

Technological advancements, such as the implementation of faster 5G mobile technology, can improve the productivity and efficiency of firms, leading to an increase in potential output and shifting the long-run aggregate supply curve to the right. The other options do not directly affect the long-run aggregate supply curve.

The Long-Run Aggregate Supply Curve Would Shift to the Right