The level of long-run aggregate supply is affected by all of the following, except
A)changes in the price level.
B)changes in technology.
C)changes in capital stock.
D)changes in the number of workers.
E)changes in the availability of natural resources.

Question

Quizplus · Accepted Answer

The level of long-run aggregate supply is not affected by changes in the price level, as it only shows the potential output of the economy at full employment and maximum efficiency. Changes in technology, capital stock, number of workers, and availability of natural resources are the main factors that can affect long-run aggregate supply.

The Level of Long-Run Aggregate Supply Is Affected by All