A severe drought hits a country and reduces farm output by 50 percent.This will impact
A) short-run aggregate supply.
B) short-run and long-run aggregate supply.
C) long-run aggregate supply.
D) aggregate demand.
E) short-run aggregate supply and aggregate demand.
Correct Answer:
Verified
Q81: The economy is in long-run equilibrium when
A)
Q82: If the current short-run equilibrium level of
Q83: If short-run equilibrium output is above full-employment
Q84: _ would decrease short-run aggregate supply.
A) A
Q85: Which of the following would affect both
Q87: If workers actively demand pay increases when
Q88: An increase in the general price level
Q89: A technological advance leads to a shift
Q90: The economy is in short-run equilibrium when
A)
Q91: An increase in short-run aggregate supply could
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents