Multiple Choice
A major drought hits the Prairies,causing sharply decreased harvests of grain.What is the most likely impact of this on short-run aggregate supply?
A) It will not shift, but the economy moves along the SRAS to a higher price level.
B) It will decrease.
C) It will not shift, but the economy moves along the SRAS to a lower price level.
D) It will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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