Which of the following would NOT shift the long-run aggregate supply curve?
A) wars
B) increases in technology
C) strikes
D) an increase in the money supply

Question

Quizplus · Accepted Answer

Changes in the money supply would affect short-run aggregate supply, but not long-run aggregate supply. Long-run aggregate supply is determined by factors such as technology, education, and resource availability, which are not affected by changes in the money supply. Wars and strikes could affect long-run aggregate supply if they damage infrastructure or disrupt production processes, while increases in technology would shift the long-run aggregate supply curve to the right by increasing productivity and efficiency.

Which of the Following Would NOT Shift the Long-Run Aggregate