What Factors Cause a Shift in the Long-Run Aggregate Supply

question 10

Essay

What factors cause a shift in the long-run aggregate supply curve? Might any of these cause the short-run aggregate supply curve to shift,also?

---

Definitions:

System Nervousness

Frequent changes in an MRP system.

MRP System

Material Requirements Planning (MRP) System is a production planning, scheduling, and inventory control system used to manage manufacturing processes.

Time Fences

Defined periods within a planning horizon during which changes to the schedule can be made with varying degrees of difficulty or restriction.