A New Discovery of Large Volumes of Previously Unknown Deposits

question 56

Multiple Choice

A new discovery of large volumes of previously unknown deposits of natural gas in Pennsylvania would

• A)shift the short-run and long-run aggregate supply curves to the right.
• B)shift only the short-run aggregate supply curve to the right.
• C)shift only the long-run aggregate supply curve to the right.
• D)not affect either the short-run or long-run aggregate supply curves.

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Definitions:

Recall

The cognitive process of retrieving information from memory, which can range from remembering past events to recollecting learned facts.

Semantic Encoding

The process of encoding sensory information into memory in a meaningful way, associating it with concepts and knowledge already in memory.

Acoustic Encoding

The process of converting auditory information into a memory or cognitive representation in the brain.

Sensory Encoding

The process by which sensory information is translated into signals that the brain can understand and process.