A movement along the economy's AS curve could be caused by a change in
A)the cost of capital.
B)labour productivity.
C)technology.
D)the price level, caused in turn by an AD shock.
E)the wage rate.

Question

Quizplus · Accepted Answer

A movement along the economy's AS curve is caused by changes in the price level, as represented by an AD shock. Changes in the cost of capital, labor productivity, technology, or the wage rate would shift the AS curve.

A Movement Along the Economy's AS Curve Could Be Caused