What would be the effect from an increase in the price of natural resources? A) There would be a movement along the short-run aggregate supply curve. Eliminate B) There would be a decrease in the cost of production therefore leading to a reduction in the short-run aggregate supply.
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increase in the price if natural resources will cause a) there would be a movement along the short run aggregate supply curve because , natural resources price will increase the production price too
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there would be an increase in the cost of production therefore landing to a reduction in the short-run aggregate supply
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