Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico. This subsequently drove up natural gas, gasoline, and heating oil prices. As a result, this should
A) shift the short-run aggregate supply curve to the right.
B) shift the short-run aggregate supply curve to the left.
C) move the economy down along a stationary short-run aggregate supply curve.
D) move the economy up along a stationary short-run aggregate supply curve.
Question 2
An increase in the government budget surplus will shift the ________ curve for loanable funds to the ________ and the equilibrium real interest rate will ________.
A) demand; right; rise B) demand; left; fall C) supply; left; rise D) supply; right; fall
Natural capital degradation
Easter Island—an example of Carrying Capacity Overload
The crude oil refining showing most of the major steps and processes.
Gulf Stream/North Atlantic Current
Beer is made from the fermentation of yeast and the natural sugars from grains
The allowable compressive bearing capacity of a soil is 8000 psf. What should be the length of ...