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Shifting Short Run Aggregate Supply
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Shifting Short Run Aggregate Supply
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17. Aggregate Demand and Aggregate Supply Analysis / Shifting Short Run Aggregate Supply / Problem 2
Problem 2
A country discovers a new oil reserve. How should this discovery affect the short run aggregate supply curve?
A
The SRAS curve will shift to the left due to environmental concerns.
B
The SRAS curve will shift to the right due to increased availability of natural resources.
C
The SRAS curve will become steeper.
D
The SRAS curve will remain unchanged as oil is not a significant factor.
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