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

question 110

Multiple Choice

If the U.S. government were to relax its restrictions on offshore oil well drilling in Alaska, 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 aggregate supply.
• D) cause a shift in both LRAS and SRAS to the right.

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Definitions:

Nuclear Family

A household consisting of a parent or parents and their dependent children, regarded as a basic social unit.

Extended Family

An extended family is a familial grouping that extends beyond the immediate family to include grandparents, aunts, uncles, and other relatives.

Structural Functionalist

A perspective in sociology that views society as a complex system whose parts work together to promote solidarity and stability.

Structural Functionalism

A theoretical perspective in sociology that views society as a complex system with parts working together to promote stability and social order.