Multiple Choice
An increase in oil prices will shift the short-run aggregate supply curve
A) up and to the left, causing the level of current output to fall.
B) up and to the left, causing the level of current output to rise.
C) down and to the right, causing the level of current output to rise.
D) down and to the right, causing the level of current output to fall.
Correct Answer:
Verified
Correct Answer:
Verified
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