« previous next »

Author Question: Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico. This ... (Read 60 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
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


yeungji

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The human body produces and destroys 15 million blood cells every second.

The Tsavo Man-Eaters on display in the Field Museum of Natural History in Chicago, Illinois. The Tsavo Man-Eaters on display in the Field Museum of Natural History in Chicago, Illinois.
Blending inheritance formed the basis of nineteenth-century critiques of evolution by natural select Blending inheritance formed the basis of nineteenth-century critiques of evolution by natural select
Should we restore YellowstoneNationalPark, as our flagship National Park, to include the natural ... Should we restore YellowstoneNationalPark, as our flagship National Park, to include the natural ...
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Natural Settings Natural Settings
Cross Section of a Hurricane Cross Section of a Hurricane
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library