Multiple Select Question

Select all that apply

Which of the following are determinants of aggregate supply?
Multiple select question.

Changes in legal-institutional environments

Changes in consumer preferences

Changes in input prices

Changes in productivity

Changes in output prices

1 answer

The determinants of aggregate supply include:

  • Changes in legal-institutional environments
  • Changes in input prices
  • Changes in productivity

"Changes in consumer preferences" and "Changes in output prices" are more directly related to aggregate demand rather than aggregate supply.