All of the following shift the LAS curve EXCEPT
A) an increase in the stock of human capital.
B) technological progress.
C) a change in the capital stock.
D) an increase in the money wage rate.

Question

Quizplus · Accepted Answer

An increase in the money wage rate affects only the short run aggregate supply (SAS) curve, but not the long run aggregate supply (LAS) curve. The other choices (A, B, C) all affect the potential output of the economy and therefore shift the LAS curve.

All of the Following Shift the LAS Curve EXCEPT