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zysi [14]
2 years ago
14

the graph above reflects a significant increase in world oil prices. what will the impact on aggregate supply most likely lead t

o?
Business
1 answer:
azamat2 years ago
4 0

Since the graph reflects a significant increase in world oil prices, the impact on aggregate supply will result in an <u>increase in </u><u>input prices.</u>

<u />

It should be noted that an increase in the prices of oil will affect the <em>aggregate supply.</em> The aggregate supply simply means the total supply of goods and services that are produced in an economy at a particular period.

The impact on aggregate supply most likely leads to an increase in the prices of inputs. Since there's a rise in prices of world oil, it'll lead to inflation and hence result in an increase in input prices.

Read related link on:

brainly.com/question/25495341

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