Refer to the Information Provided in Figure 11

question 197

Multiple Choice

Refer to the information provided in Figure 11.3 below to answer the questions that follow. Figure 11.3
-Refer to Figure 11.3. The increased use of hydraulic fracturing, or fracking, in North Texas has significantly reduced energy prices across the country. This fracking would cause

• A) the short-run aggregate supply curve to shift from AS₁ to AS₂.
• B) the short-run aggregate supply curve to shift from AS₁ to AS₀.
• C) the economy to move from Point B to Point A along AS₁.
• D) the economy to move from Point C to Point B along AS₁.

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Definitions:

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Unusual Name

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