Multiple Choice
If the U.S. government were to relax its restrictions on offshore oil well drilling in Alaska, the result to aggregate supply would be to
A) cause a shift in the SRAS to the left.
B) cause a shift in the LRAS to the left.
C) cause no long-term shifts in aggregate supply.
D) cause a shift in both LRAS and SRAS to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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