The medium run aggregate supply (MRAS) is affected by labor, capital availability, technological capability, and wage rate.
A)True
B)False

Question

Quizplus · Accepted Answer

The answer is true.
Key Takeaway: The medium run aggregate supply (MRAS) is an intermediary between the long run and short run aggregate supplies. The MRAS curve slopes upwards and is vulnerable to changes in labor, capital, technological capability, and wage rate.

The Medium Run Aggregate Supply (MRAS) Is Affected by Labor