Which of the following would cause the long run aggregate supply to decrease? O. A civil war in the country leads to destruction of property and loss of life. O. The Federal Reserve purchases $500 million in bonds from the banks. O. An unusually low temperatures in the midwest results in fewer crops than last year. O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.
Which of the following would cause the long run aggregate supply to decrease? O. A civil war in the country leads to destruction of property and loss of life. O. The Federal Reserve purchases $500 million in bonds from the banks. O. An unusually low temperatures in the midwest results in fewer crops than last year. O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 15QP
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Which of the following would cause the long run
O. A civil war in the country leads to destruction of property and loss of life.
O. The Federal Reserve purchases $500 million in bonds from the banks.
O. An unusually low temperatures in the midwest results in fewer crops than last year.
O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.
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