factors that can make the aggregate supply (AS) curve to shift
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What are two factors that cause the (S)AS curve to shift?
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Solution Summary
List factors that can make the aggregate supply (AS) curve to shift.
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Hello!
There are basically 3 factors that can make the aggregate supply (AS) curve to shift:
- Changes in productivity
Productivity has a lot to do with technological innovation, or better production methods, etc. New technologies usually allow the output per worker to rise, or may reduce the costs of running businesses (for example, it could be argued that the introduction of computers and the internet allowed for lower administrative ...
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