In 2005 Hurricane Katrina Devastated Large Portions of the Gulf

question 54

Multiple Choice

In 2005 hurricane Katrina devastated large portions of the Gulf Coast economy.Many refineries went offline disrupting oil refining and distribution.What do you think was a likely result?

• A)the restricted supply constituted a cost push shock that would have shifted the long run AS curve to the right
• B)the restricted supply constituted a cost push shock that would have shifted the short run AS curve to the left
• C)the restricted supply constituted a cost push shock that would have meant an upward movement along the Phillips curve
• D)all of the above
• E)none of the above

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Definitions:

Galactose

A simple sugar that is a component of lactose, found in milk and dairy products, and is metabolized by the body into glucose.

Lateral Hypothalamus

An area of the brain thought to control hunger and thirst; damage can reduce the desire to eat and drink.

Sugar Receptors

Cellular structures that detect the presence of sugar molecules, primarily involved in taste perception.

Ventromedial Hypothalamus

A part of the hypothalamus that plays a role in satiety, or feeling full after eating, and regulating part of the body's energy balance.