How Would the Discovery of a Previously Unknown Large Reserve

question 96

Essay

How would the discovery of a previously unknown large reserve of oil affect the short-run aggregate supply curve and why? What other change could have the same effect?

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The sourcing of land, labor, and capital from different nations rather than obtaining everything locally.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods traditionally performed in-house by the company's own employees and staff.

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