In response to the demands of environmentalists, large sections of timberlands are put off limits to logging. What effect will this have on the aggregate supply curve? a. Shift the curve inward. b. Move the economy down along the curve. c. Move the economy up along the curve. d. Shift the curve outward.
In response to the demands of environmentalists, large sections of timberlands are put off limits to logging. What effect will this have on the aggregate supply curve? a. Shift the curve inward. b. Move the economy down along the curve. c. Move the economy up along the curve. d. Shift the curve outward.
Chapter22: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 11P
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Question
In response to the demands of environmentalists, large sections of timberlands are put off limits to logging. What effect will this have on the aggregate supply curve ?
a. |
Shift the curve inward.
|
|
b. |
Move the economy down along the curve.
|
|
c. |
Move the economy up along the curve.
|
|
d. |
Shift the curve outward.
|
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