In 1997, the Hong Kong government slaughtered 1.3 million chickens, ducks, and geese in hopes of protecting humans from contracting the virus carried by these fowls. The slaughter's effect on Hong Kong's economy, although minor, still shifted Hong Kong's
a. AS curve to the right, which would raise the price level and lower real GDP
b. AS curve to the right, which would lower the price level and raise real GDP
c. AS curve to the left, which would raise the price level and lower real GDP
d. AD curve to the left, which would lower the price level and real GDP
e. AD curve to the right, which would raise the price level and real GDP
C
Economics
You might also like to view...
Suppose you can earn 5 percent on your savings account if you deposit $500 in it. The inflation rate is 3 percent. The opportunity cost of holding the $500 as money is
A) $100. B) $525. C) $80. D) $30. E) $25.
Economics
The above table gives data for the nation of Sueland. What is the government sector balance?
A) $1,772 billion B) $32 billion C) -$43 billion D) -$32 billion
Economics