All of the following will shift the short-run aggregate supply (SRAS) curve EXCEPT
A) a change in the price of labor. B) technological progress.
C) a change in the price of a needed raw material. D) a change in the price level.
Question 2
For supply-side inflation to occur in the long run
A) the long-run aggregate supply curve has to shift to the left.
B) the aggregate demand curve has to shift to the left.
C) the long-run aggregate supply curve has to shift to the right.
D) the aggregate demand curve has to shift to the right.
Marginal Supply - Demand Curve
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