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erastovalidia [21]
4 years ago
10

A decrease in the availability of an important major resource such as oil shifts can cause

Business
1 answer:
marissa [1.9K]4 years ago
6 0

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.

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Business forecasting is the process of predicting future market circumstances by analyzing historical data using business intelligence tools and forecasting techniques. Forecasting in business can be qualitative or quantitative. The process of predicting changes in a firm, such as sales, expenses, profits, and losses, is known as business forecasting.

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Hence, The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.

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