Computation of of long run equilibrium price

Reference no: EM1369905

Suppose that the position of a nation's aggregate demand curve has not been changed, but the long-run equilibrium price level has declined. Other things being equal, which of the following factors might account for this event?

a. An increase in labor productivity.
b. A decrease in the capital stock.
c. A decrease in the quantity of money in circulation
d. The discovery of new mineral resources used to produce various goods.
e. A technological improvement.

Reference no: EM1369905

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