Question

8. What variables shift both the long-run and short-run aggregate-supply curves?

Answer 1

Variables shift both the long-run and short-run aggregate-supply curves are productivity, labor Wage Costs and taxes and other costs.

What is aggregate-supply?

The entire quantity of goods and services that enterprises in a national economy intend to sell during a certain time period is known as aggregate supply

Variables shift both the long-run and short-run aggregate-supply curves are ;

1. Productivity

2. Labor Wage Costs.

3. Taxes and other costs -

4. Material Prices.

5. Size of labor force.

6. Stock of Capital.

Hence, variables shift both the long-run and short-run aggregate-supply curves are productivity, labor Wage Costs and taxes and other costs.

To learn more about the aggregate-supply, refer:

brainly.com/question/16419230

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