A change in the supply of labor, all else remaining the same, will shift the short-run aggregate-supply curve.

Name: A change in the supply of labor, all else remaining the same, will shift the short-run aggregate-supply curve.
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Question

A change in the supply of labor, all else remaining the same, will shift the short-run aggregate-supply curve.​

Quizplus · Accepted Answer

A change in the supply of labor affects the overall production capacity of an economy, thereby shifting the short-run aggregate-supply curve as it alters the amount of goods and services that can be produced at various price levels.

A Change in the Supply of Labor, All Else Remaining