Question

The​ long-run aggregate supply curve will not shift if there is a change in A. amount of capital. B. the price level. C. technology. D. amount of labor. All of the following will shift the​ short-run aggregate supply and the​ long-run aggregate supply except for A. increased training and education of the labor force. B. decreased competition. C. a temporary change in input prices. D. a depletion of raw materials.

Answer 1

Answer:

The​ long-run aggregate supply curve will not shift if there is a change in

• B. the price level.

A change in the price level only results in a movement along the long-run aggregate supply curve, it doesn't cause a shift. Only when the quantity of factors of production changes, will the LRAS curve shift.

All of the following will shift the​ short-run aggregate supply and the​ long-run aggregate supply except for

• C. a temporary change in input prices.

Basically the same logic as the previous answer, a change in price level doesn' shift the LRAS curve.