On January 7th, 2009, due to a series of disputes between Russian and Ukrainian gas companies, all Russian gas flow through the Ukraine was halted, completely cutting off supplies of gas to Southeastern Europe, much of which is completely reliant on Russian gas. Slovakia, for example, is 100% percent dependent on Russian gas imports. They had to resort to alternative fuel for several weeks before the energy crisis was resolved. During this period of time, Slovakia's short run macro aggregate supply curve very likely . Group of answer choices became vertical shifted to the right stayed the same shifted to the left
On January 7th, 2009, due to a series of disputes between Russian and Ukrainian gas companies, all Russian gas flow through the Ukraine was halted, completely cutting off supplies of gas to Southeastern Europe, much of which is completely reliant on Russian gas. Slovakia, for example, is 100% percent dependent on Russian gas imports. They had to resort to alternative fuel for several weeks before the energy crisis was resolved. During this period of time, Slovakia's short run macro aggregate supply curve very likely . Group of answer choices became vertical shifted to the right stayed the same shifted to the left
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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On January 7th, 2009, due to a series of disputes between Russian and Ukrainian gas companies, all Russian gas flow through the Ukraine was halted, completely cutting off supplies of gas to Southeastern Europe, much of which is completely reliant on Russian gas. Slovakia, for example, is 100% percent dependent on Russian gas imports. They had to resort to alternative fuel for several weeks before the energy crisis was resolved. During this period of time, Slovakia's short run macro aggregate supply curve very likely .
Group of answer choices
became vertical
shifted to the right
stayed the same
shifted to the left
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