In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:

A. higher prices.
B. lower prices.
C. lower output.
D. None of these is true.


Answer: D

Economics

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When the pricing of one product produced by a firm adversely affects the revenue earned by another product of the same firm, the second product has been

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Which view of aggregate supply predicts that the outcomes of fiscal and monetary policy depend on how close the economy is to full employment?

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A) is a social science. B) is concerned with limited resources. C) is concerned with unlimited wants. D) All of the above are correct.

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