If productivity increases by 12% but wages increase by 7%, then it is most likely that: A. aggregate supply will shift l...
If productivity increases by 12% but wages increase by 7%, then it is most likely that:
A. aggregate supply will shift left
B. aggregate supply will shift right
C. aggregate supply will not shift
D. aggregate demand will shift left
Homework Answers
Answer
option B
B. aggregate supply will shift right
the productivity is increased more than the wages so the aggregate supply increases and shifts the curve to the right.
Also, the long-run aggregate supply curve shifts to the right by more than the short-run aggregate supply as the change in wages does not affect it but the change in productivity increases it.
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