« previous next »

Author Question: Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico. This ... (Read 83 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?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Dentition, as illustrated in Knight's Sketches in Natural History Dentition, as illustrated in Knight's Sketches in Natural History
Teaching methods based on patients developmental capacity Teaching methods based on patients developmental capacity
Ana Mendieta, Untitled, 1976. From Silueta Works in Mexico. Ana Mendieta, Untitled, 1976. From Silueta Works in Mexico.
Natural community in the antelope Valley Natural community in the antelope Valley
Nutrias native to South America are abundant in freshwater marshes of the Gulf States. Their populat Nutrias native to South America are abundant in freshwater marshes of the Gulf States. Their populat
Video: Sigmoidoscopy

For a complete list of videos, visit our video library