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Social Studies, 03.03.2020 23:18 heathersloan274

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.
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B) There would be a decrease in the cost of production therefore leading to a reduction in the short-run aggregate supply.
C) There would be a decrease in the cost of production therefore leading to an increase in the short-run aggregate supply.
D) There would be an increase in the cost of production therefore leading to a reduction in the short-run aggregate supply.

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What would be the effect from an increase in the price of natural resources?

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