Which of the following shifts long-run aggregate supply right?
A)an increase in either technology or the human capital stock.
B)an increase in human capital but not technology.
C)an increase in technology,but not the human capital stock.
D)neither an increase in technology nor the human capital stock.

Question

Quizplus · Accepted Answer

An increase in either technology or the human capital stock would shift the long-run aggregate supply right. This is because both of these factors increase the productivity of labor and capital, leading to an increase in potential output. Options B, C, and D do not lead to a rightward shift in long-run aggregate supply.

Which of the Following Shifts Long-Run Aggregate Supply Right