A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only.
B. aggregate demand curve only.
C. aggregate demand curve, and the short-run aggregate supply curve would shift in response.
D. short-run aggregate supply curve and the long-run aggregate supply curve.
Answer: A
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A) the value of the area BEF B) PE × QE C) the value of the area QBBFQE D) PE
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a. True b. False Indicate whether the statement is true or false
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