Multiple Select Question

Select all that apply

Which of the following are considered to be determinants of aggregate supply if they change?
Multiple select question.

Government regulations

Output prices

Business taxes and subsidies

Prices of imported resources

1 answer

The following are considered to be determinants of aggregate supply if they change:

  • Government regulations
  • Business taxes and subsidies
  • Prices of imported resources

Output prices do not typically qualify as a determinant of aggregate supply; rather, they are affected by the supply and demand in the economy.