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.

Answer: D

Economics

You might also like to view...

The use of robots in agriculture is an example of

A) organizational changes leading to increased productivity. B) decreasing returns to scale. C) neutral technical change leading to increases in productivity. D) nonneutral technical progress.

Economics

Most economists

A. favor tariffs. B. favor quotas. C. advocate "fair trade." D. Economists do not favor any of these.

Economics