4 Questions
How will an increase in factor prices affect the aggregate supply?
Decrease
What is the expected change in long run aggregate supply when factor prices increase?
Remain unchanged
What happens to the long run aggregate supply when factor prices increase?
Remain unchanged
How does an increase in factor prices impact the aggregate supply in the long run?
Decrease
Test your knowledge of the relationship between factor prices and aggregate supply with this multiple choice question. Choose the correct options to complete the statement.
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