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

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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:

Naturalistic Observation

A research paradigm in which an observer observes participants in familiar everyday contexts while ideally remaining as unobtrusive as possible.

Experiment

A test of a scientific theory in which the researcher manipulates the independent variable.

Experiment

A method of research in the sciences or social sciences in which a controlled procedure is conducted to test a hypothesis, observe effects, and establish cause and effect relationships.

Cause-and-Effect Relationships

A connection between two events where one event (the cause) makes another event happen (the effect), indicating a direct association.

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