Which of the following directly shifts the short- run aggregate supply curve?
A) a change in resource prices
B) a change in the price level
C) a change in aggregate demand
D) all of the above

Question

Quizplus · Accepted Answer

A change in resource prices directly affects the cost of production in the short-run, causing the short-run aggregate supply curve to shift. Changes in the price level and aggregate demand indirectly affect the short-run aggregate supply curve.

Which of the Following Directly Shifts the Short- Run Aggregate