A change in weather patterns that makes farming more difficult would ____
a) decrease long-run aggregate supply.
b) increase long-run aggregate supply.
c) increase aggregate demand.
d) have no impact on long-run aggregate supply.
Ans: a) decrease long-run aggregate supply.
Economics
You might also like to view...
Compared to the US, the unemployment rate in Europe was ________ throughout the 1960s and 1970s and ________ after 1980
A) higher; lower B) lower; higher C) lower; remained lower D) higher, remained higher
Economics
A decline in aggregate demand is analogous to an upward movement along the short-run Phillips curve
a. True b. False Indicate whether the statement is true or false
Economics