Which of the following causes the short-run aggregate supply curve to shift to the right? A. a positive technological change B. an increase in the expected price of an important natural resource C. a higher expected future price level D. a decrease in the capital stock

Which of the following causes the short-run aggregate supply curve to shift to the right? A. a positive technological change B. an increase in the expected price of an important natural resource C. a higher expected future price level D. a decrease in the capital stock

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter9: An Introduction To Basic Macroeconomic Markets

Section: Chapter Questions

Problem 3CQ

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Question

Which of the following causes the short-run aggregate supply curve to shift to the right?
A. a positive technological change
B. an increase in the expected price of an important natural resource
C. a higher expected future price level
D. a decrease in the capital stock
Which of the following causes the short-run aggregate supply curve to shift to the left?
A. an increase in the labor force
B. an increase in productivity
OC. an increase in the expected price of an important natural resource
D. a positive technological change

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