When OPEC cut energy production in 1973, the aggregate supply curve shifted outward

a. True
b. False
Indicate whether the statement is true or false

False

Economics

You might also like to view...

Economists believe that externalities can be remedied by market methods.

Answer the following statement true (T) or false (F)

Economics

The 2001 and 2003 tax cuts of the George W. Bush administration each had provisions to

A. lower the earned income tax credit. B. lower (or speed up the already scheduled lowering) to tax rates. C. raise tax rates at the lower end. D. raise tax rates at the upper end.

Economics