Multiple Choice
In the long run, a drought that destroys most of a summer's wheat crops would cause permanently:
A) higher prices.
B) lower output.
C) lower prices.
D) None of these are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q95: A situation in which output decreases while
Q96: Consumption:<br>A) is a major component of aggregate
Q97: In the macroeconomic model of aggregate supply
Q98: Fluctuations around the level of potential output
Q99: Which of the following scenarios would likely
Q101: Suppose new immigration legislation permanently limits the
Q102: The aggregate supply and aggregate demand model
Q103: The figure shown displays various economic outcomes.
Q104: The long-run aggregate supply curve is:<br>A) downward-sloping.<br>B)
Q105: Higher interest rates occur at higher price