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

Understand the purpose and guidelines for making effective claims or requests for adjustments.

Recognize and apply the proper format and tone in routine messages and positive communications.

Identify the importance of providing clear, complete, and specific explanations in business communication.

Learn how to craft positive opening and closing statements in business messages.

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Definitions:

Sales

The transactions or processes involved in the selling of goods or services in exchange for money or other compensation.

Customers

individuals or entities that purchase goods or services from a business.

Well-Paved Roads

Roads that have been well constructed and maintained, offering smooth and efficient travel.

Speeding Tickets

Legal notices issued by law enforcement to drivers who exceed the speed limits.