Question

Sort the following events by their impact on the U.S. economy. Determine whether each event shifts only the short-run aggregate supply (SRAS) curve, both the SRAS curve and the long-run aggregate supply (LRAS) curve, or neither. Items (5 items) (Drag and drop into the appropriate area below) - Canada cuts oil exports from the Alberta oil sands pending the outcome of an environmental review. - An innovation in irrigation makes U.S. farms more productive. - A new oil field is discovered just off the coast of Oregon, significantly increasing the national supply of oil. - A milder-than-usual winter produces a bumper citrus crop in Florida. - Incomes in the United States increase by 5% in real terms. Shifts: SRAS only (Drag and drop here) LRAS and SRAS (Drag and drop here) Neither (Drag and drop here)

          Sort the following events by their impact on the U.S. economy. Determine whether each event shifts only the short-run aggregate supply (SRAS) curve, both the SRAS curve and the long-run aggregate supply (LRAS) curve, or neither.

Items (5 items) (Drag and drop into the appropriate area below)
- Canada cuts oil exports from the Alberta oil sands pending the outcome of an environmental review.
- An innovation in irrigation makes U.S. farms more productive.
- A new oil field is discovered just off the coast of Oregon, significantly increasing the national supply of oil.
- A milder-than-usual winter produces a bumper citrus crop in Florida.
- Incomes in the United States increase by 5% in real terms.

Shifts:
SRAS only (Drag and drop here)
LRAS and SRAS (Drag and drop here)
Neither (Drag and drop here)

Added by Xavier H.

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