202k views
4 votes
A decrease in the availability of an important major resource such as oil shifts can cause

User Jps
by
7.3k points

1 Answer

1 vote

Answer:

It will bring about a decrease in aggregate supply which is caused by the increase in input prices and it is represented by a shift to the left of the SAS curve because the SAS curve is drawn under the belief that input prices remain constant.

User Rahel
by
7.2k points