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Describe how the concept of scarcity affects the aggregate supply curve in macroeconomics.?

2007-03-01 14:18:49 · 1 answers · asked by TIPPY 1 in Social Science ➔ Economics

1 answers

Scarcity should shift the aggregate supply curve to the left, increasing price.

2007-03-03 04:37:59 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

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