A major hurricane causes production problems in Gulf Coast region of the United States. This would cause
A) the short-run aggregate supply curve to shift to the left, but there would be no effect on the long-run aggregate supply curve.
B) the short-run aggregate supply curve to shift to the left, and the long-run aggregate supply curve would shift to the right.
C) both the short-run and the long-run aggregate supply curves to shift to the right in equal amounts.
D) both the short-run and the long-run aggregate supply curves to shift to the left, but the long-run aggregate supply curve would shift more than the short-run curve.
Correct Answer:
Verified
Q249: Economic growth due to labor force expansion
Q250: The short-run aggregate supply curve would shift
Q251: Q252: A short-lived increase in oil prices caused Q253: A reduction in nominal wages will cause Q255: Which of the following causes a rightward Q256: A permanent reduction in international trade barriers Q257: Refer to the above figure. Assume that Q258: Compare the effects of an increase in Q259: Suppose the economy in the diagram below![]()
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