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QUESTION
AGGREGATE SUPPLY CURVE TO SHIFT TO THE RIGHT OR SHIFT TO THE LEFT. A RIGHTWARD SHIFT OF COURSE IS AN INCREASE IN AGGREGATE SUPPLY. A LEFTWARD SHIFT...
AGGREGATE SUPPLY CURVE TO SHIFT TO THE RIGHT OR SHIFT TO THE LEFT. A RIGHTWARD SHIFT OF COURSE IS AN INCREASE IN AGGREGATE SUPPLY. A LEFTWARD SHIFT IS A DECREASE IN AGGREGATE SUPPLY. WHAT COULD CAUSE THAT? WE TALKED ABOUT A CHANGE IN WAGES WOULD SHIFT THE CURVE. A CHANGE IN LABOR PRODUCTIVITY WOULD SHIFT THE CURVE. WHAT ELSE DID WE MENTION? MAYBE I OUGHT TO LOOK AT MY NOTES. CHANGES IN OTHER FACTOR PRICES, FACTORS OR FACTORS OF PRODUCTION, PRODUCTIVE RESOURCES WILL SHIFT THE CURVE. WHAT ELSE DID I SAY?
