Answered

Explore IDNLearn.com's extensive Q&A database and find the answers you're looking for. Ask your questions and receive comprehensive, trustworthy responses from our dedicated team of experts.

Which of the following will most likely cause an increase (shift to the right) in both the long-run and short-run aggregate supply curves?
Group of answer choices
an increase in the national debt
an increase in income tax rates
a decrease in the economy's rate of investment and capital formation
a technological improvement in robotics that substantially increases labor productivity

Sagot :

A technological improvement in robotics that substantially increases labor productivity will most likely cause an increase (shift to the right) in both the long-run and short-run aggregate supply curves.

What happens when long-run aggregate supply shifts right?

Over time, production factors influence how the aggregate supply curve shifts. A rise in the production factors causes the curve to shift to the right, whereas a fall in the production factors causes a shift to the left.

As productivity rises or the price of important inputs decreases, the aggregate supply curve shifts to the right, allowing for a combination of lower inflation, higher output, and lower unemployment. The supply curve will move to the right as a result of a technological advancement that lowers production costs, producing more at a given price while also increasing output.

To learn more about aggregate supply curves, visit:

https://brainly.com/question/13023505

#SPJ1

We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.