Which one,if any,of the following events shift the short-run aggregate supply curve but not the long-run aggregate supply curve?
A)A change in factor prices.
B)A change in the quantity of capital.
C)An advance in technology.
D)An increase in the full-employment quantity of labour.
E)None of the above.

Question

Quizplus · Accepted Answer

A change in factor prices would affect production costs and shift the short-run aggregate supply curve, but in the long run, firms can adjust their output levels and factor usage, meaning the long-run aggregate supply curve remains unchanged. The remaining options, B-D, would shift both the short-run and long-run aggregate supply curves. Therefore, the correct answer is A.

Which One,if Any,of the Following Events Shift the Short-Run Aggregate