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A Severe Hurricane Hits Florida, Destroying Large Amounts of the Citrus

Question 117

Multiple Choice

A severe hurricane hits Florida, destroying large amounts of the citrus crop.What is the most likely effect of this on aggregate supply?


A) It will be unchanged.
B) No effect, the economy will move along the curve to a higher price level.
C) No effect, the economy will move along the curve to a lower price level.
D) It will increase.
E) It will decrease.

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