The Discovery of New Iron Ore Fields Will Cause

question 206

Multiple Choice

The discovery of new iron ore fields will cause

• A) the long-run aggregate supply curve to shift to the right and the short-run aggregate supply curve to shift to the left.
• B) the long-run aggregate supply curve to shift to the right, but not the short-run aggregate supply.
• C) the short-run aggregate supply curve to shift to the right, but not the long-run aggregate supply curve.
• D) both the long-run and the short-run aggregate supply curves to shift to the right.

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