The graph below shows what happens when the Fed implements:

(Consider This) Garrett Hardin's tragedy of the commons best applies to which of the following issues?

A. Fracking for oil and natural gas. B. Government subsidies for alternative energy. C. Overpopulation. D. Overfishing in international waters.

If a hurricane were to wipe out the majority of the eastern seaboard in the United States:

A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.