Variables shift both the long-run and short-run aggregate-supply curves are productivity, labor Wage Costs and taxes and other costs.
The entire quantity of goods and services that enterprises in a national economy intend to sell during a certain time period is known as aggregate supply
Variables shift both the long-run and short-run aggregate-supply curves are ;
1. Productivity
2. Labor Wage Costs.
3. Taxes and other costs -
4. Material Prices.
5. Size of labor force.
6. Stock of Capital.
Hence, variables shift both the long-run and short-run aggregate-supply curves are productivity, labor Wage Costs and taxes and other costs.
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