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18 October, 10:32

What would not shift the aggregate supply curve?

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  1. 18 October, 10:47
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    Answer: a change in price

    Explanation:

    Aggregate supply, is the total supply of goods and services that are produced within an economy at a given price in a given period. Aggregate supply is represented by the aggregate supply curve, and the curve describes the relationship between price levels and quantity of output that firms are willing to sell.

    A shift in aggregate supply can be caused by many variables, such as technological innovation, changes in labor size and quality of labor, an increase in wages, changes in inflation, increase in production costs, changes in producer taxes, and subsidies. A change in price will not cause a shift in the aggregate supply curve rather it will cause a movement along the supply curve.
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