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Question
If the U.S. government were to relax its restrictions on offshore oil well drilling and open drilling in Alaskan national parks, 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 AS.
D) cause a shift in both LRAS and SRAS to the right.
Answer
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