The level of aggregate supply in the long-run is not affected by:a) changes in technology.b) changes in the capital stock.c) cha

Question

Nutka1998 [239]

4 years ago

10

The level of aggregate supply in the long-run is not affected by:a) changes in technology.b) changes in the capital stock.c) cha

nges in the price level.d) changes in the number of workers.

Business

1 answer:

mixas84 [53] · Answer 1 · 2022-01-24T13:54:44+03:00

The correct answer is choice c, changes in the price level.

Aggregate supply is only affected by capital, labor, and technology in the long run because everything in the economy is assumed to be used optimally. Of the options that are presented, the only option that is not capital, labor or technology is the change in price level, which makes it the correct answer.