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What variables cause the short-run aggregate supply curve to shift? For each variable,identify whether an increase in that variable will cause the short-run aggregate supply curve to shift to the right or to the left.
Specialty Restaurants
Restaurants that focus on a specific type of cuisine or dining experience, offering unique and specialized menu items.
Diffusion
Diffusion in the context of business and technology refers to the spread of a product, innovation, or idea through a population or market over time.
GDP
Gross Domestic Product, a measure of the economic performance of a country, assessing the total value of all goods and services produced over a specific time period.
Research and Development
Refers to the activities that companies undertake to innovate and introduce new products or services.
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