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Suppose That a Small Economy That Produces Mostly Agricultural Goods

Question 9

Multiple Choice

Suppose that a small economy that produces mostly agricultural goods experiences a year with exceptionally good conditions for growing crops.The good weather would


A) shift both the short-run aggregate supply and the short-run Phillips curve right.
B) shift both the short-run aggregate supply and the short-run Phillips curve left.
C) shift the short-run aggregate supply curve to the right,and the short-run Phillips curve to the left.
D) shift the short-run aggregate supply curve to the left,and the short-run Phillips curve to the right.

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