Solved

In the Long Run, a Year-Long Drought That Destroys Most

Question 8

Multiple Choice

In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:

A) higher prices.
B) lower output.
C) lower prices.
D) None of these is true.

Related Questions

Q3: Higher interest rates make it:<br>A) more expensive

Q5: Aggregate supply is the:<br>A) total quantity of

Q6: A temporary decrease in the price of

Q7: The phrase "sticky prices" refers to the

Q9: In the long run, if the prices

Q11: Because the price level shares a negative

Q12: The aggregate demand curve sloping downward can

Q13: A basic factor of production that is

Q63: When the U.S. price level decreases relative

Q96: Consumption:<br>A) is a major component of aggregate