Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico. This subsequently drove up natural gas, gasoline, and heating oil prices. As a result, this shouldThree years later, once the refining capacity was restored, these prices came back down. The restoration of refining capacity should shift the short-run aggregate supply curve to the right.Which of the following events would cause a decrease in aggregate demand?
Spending on the war in Afghanistan is essentially categorized as government purchases. How do increases in spending on the war in Afghanistan affect the aggregate demand curve?
The basic aggregate demand and aggregate supply curve model helps explain
In the diagram, an increase in productivity is represented by a movement from
Suppose a developing country receives more machinery and capital equipment as foreign entrepreneurs increase the amount of investment in the economy. As a result,
Which of the following will shift the AD curve to the ___, ceteris paribus (other things being equal)?
Which of the following events would cause a decrease in short-run aggregate supply?
An increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?
Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and that the required reserve ratio is