An Increase in the Price of a Key Input in Production

question 150

True/False

An increase in the price of a key input in production, like oil, increases aggregate supply.

---

Definitions:

Chlorofluorocarbons (CFCs)

Man-made chemical compounds once used in air conditioning, refrigeration, and aerosol propellants, known to deplete the ozone layer.

Propellants

Substances that are used to propel an object by generating a gas under pressure.

Sea Levels

The average height of the ocean's surface, used as a baseline in measuring land elevation and ocean depth.

Wet Deposition

The process by which pollutants are removed from the atmosphere and deposited on the Earth's surface via precipitation, like rain or snow.