If the US Government Were to Relax Its Restrictions on Offshore Oil

question 287

Multiple Choice

If the U.S. government were to relax its restrictions on offshore oil well drilling and open drilling in Alaskan national parks, the result to aggregate supply would be to

• A)cause a shift in the SRAS to the left.
• B)cause a shift in the LRAS to the left.
• C)cause no long-term shifts in AS.
• D)cause a shift in both LRAS and SRAS to the right.

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Definitions:

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A technique of restating another's message or content in one's own words, commonly used to demonstrate understanding or to provide clarity.

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The process of concisely restating the main points of information or a conversation.