Multiple Choice
Refer to the information provided in Figure 11.3 below to answer the questions that follow. Figure 11.3
-Refer to Figure 11.3. Hurricane Katrina destroyed a large portion of the infrastructure along the Gulf of Mexico coast. This caused
A) the short-run aggregate supply curve to shift from AS1 to AS2.
B) the short-run aggregate supply curve to shift from AS1 to AS0.
C) the economy to move from Point B to Point A along AS1.
D) the economy to move from Point C to Point B along AS1.
Correct Answer:

Verified
Correct Answer:
Verified
Q180: Refer to the information provided in Figure
Q181: Refer to the information provided in Figure
Q182: Refer to the information provided in Figure
Q183: Refer to the information provided in Figure
Q184: When the economy is producing at full
Q186: A decrease in the price level raises
Q187: When the _ increases, then potential output
Q188: An increase in the "Z" factors will
Q189: All of the following shift the short-run
Q190: 11.5 The Long-Run AS Curve<br>Refer to the