Changes in which of the following shifts the aggregate supply curve?
I. the price level.
Ii. the money wage rate. iii. potential GDP.
A)i only
B)ii and iii
C)ii only
D)i, ii, and iii
E)iii only

Question

Quizplus · Accepted Answer

The aggregate supply curve is affected by changes in the money wage rate and potential GDP. A change in the price level results in a movement along the curve, not a shift.

Changes in Which of the Following Shifts the Aggregate Supply