All of the following shift the short- run aggregate supply curve EXCEPT
A) technological progress.
B) a change in the money wage rate.
C) a change in the price of a raw material.
D) a change in the price level.

Question

Quizplus · Accepted Answer

Changes in the price level do not shift the short-run aggregate supply curve; rather, they cause movements along the curve. The other options -- technological progress, changes in the money wage rate, and changes in the price of a raw material -- can all shift the short-run aggregate supply curve.

All of the Following Shift the Short- Run Aggregate Supply