Other things equal, the short-run aggregate supply curve shifts positions when
A)the price level changes.
B)the rate of inflation changes.
C)nominal wages and other input prices change.
D)aggregate demand changes.

Question

Quizplus · Accepted Answer

Nominal wages and other input prices affect production costs, which can shift the short-run aggregate supply curve.

Other Things Equal, the Short-Run Aggregate Supply Curve Shifts Positions