Which of the following shifts longrun aggregate supply left

Which of the following shifts long-run aggregate supply left? a. a decrease in either natural resources or the human capital stock b. a decrease in the human capital stock, but not natural resources. the human capital stock c a decrease in natural resources, but not o neither a decrease in narural resources nor the human capital stock

Solution

Ans: a decrease in either natural resources or the human capital stock.

Explanation:

Decrease in the stock of inputs will lead to decrease in aggregate production. This will lead to a leftward shift in aggregate supply curve.

 Which of the following shifts long-run aggregate supply left? a. a decrease in either natural resources or the human capital stock b. a decrease in the human c

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