Which of the following would affect both short-run and long-run aggregate supply?
a. a supply shock
b. menu costs
c. money illusion
d. technological change
e. a change in the general price level
d. technological change
Economics
You might also like to view...
When a firm earns economic profit
A) accounting profits are zero. B) market share has be capitalized. C) other firms enter the market. D) total revenue has been maximized.
Economics
The demand curve for a particular good indicates the various quantities
a. demanded at various prices, other things equal b. demanded at different income levels, other things equal c. actually purchased at various prices, other things equal d. actually purchased at different income levels, other things equal e. demanded at various prices and income levels, other things equal
Economics