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@ Take a Test nternet Explorer https//www.mathtul.com/Student/PlayerTest.aspx/testld-173158438&centerwina; yes Econ 3001 Wintersession 2017/2018 Quiz: Quiz Chapter 22 This Question: 1 pt 4of19 (8 complete) This Q Changes in the following variables will cause a shift of the short-run aggregate supply curve Inflation Rate(II) O A. expected inflation, total labor, and price (supply) shocks B. short-erm capital, short term labor, and avalable technology O C. expected inflation, ouput gap, and price (supply) shocks D. total capital, total labor, and avalable technology LRAS Refer to the figure on your right 1) Use the line drawing fool to show how an increase in the available technology will affect the long-run aggregate supply curve. Draw and label the new graph preperly Carefully follow the instructiona above, and only draw the required object ye Aggregate Output () cicx he grspi, chocse a tool in the palene and tonow the instructions to create your graph

Explanation / Answer

The correct choice is D

Explanation : - The short run aggregate supply curve tells us the quantity of goods and services supplied in the short run for any given level of prices. This curve is similar to the long run aggregate supply curve. The shifts in the long run aggregate supply curve arise from changes in labor, capital , natural resources of technological knowledge and the very same variables shift the short run aggregate supply curve.

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