A short-lived increase in oil prices caused by destruction of oil-producing and oil-refining facilities by a large hurricane will
A) shift the SRAS curve to the right. B) shift the AD curve to the right.
C) shift the SRAS curve to the left. D) shift the LRAS curve to the right.
C
Economics
You might also like to view...
Which of the following will cause the LM curve to shift to the right?
A) An increase in investment B) An increase in money demand C) A decrease in velocity D) An increase in the money supply
Economics
Refer to the information. If Moolah Bank is legally "loaned up," the banking system's monetary multiplier must be:
A. 5.
B. 8.
C. 10.
D. 20.
Economics