A Recent Scientific Study Has Concluded That the Spotted Owl

question 68

Multiple Choice

A recent scientific study has concluded that the spotted owl is an endangered species,and it is protected by the Species at Risk Act.To protect the owl,logging operations throughout parts of southern British Columbia have been curtailed.What effect would this have on short-run aggregate supply in Canada?

• A)It would shift right (an increase in short-run aggregate supply).
• B)It would shift left (a decrease in short-run aggregate supply).
• C)It would shift right (a decrease in short-run aggregate supply).
• D)It would shift left (an increase in short-run aggregate supply).

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Definitions:

South Vietnam

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The event on November 22, 1963, when President John F. Kennedy was killed by Lee Harvey Oswald in Dallas, Texas.

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Great Society

A set of domestic programs in the United States launched by President Lyndon B. Johnson aimed at eliminating poverty and racial injustice.