Multiple Choice
Suppose there is an increase in the availability of an important major resource, such as oil. Which shift would most likely occur?
A) The aggregate supply would shift right.
B) The aggregate supply would shift left.
C) The aggregate demand would shift right.
D) The aggregate demand would shift left.
Correct Answer:
Verified
Correct Answer:
Verified
Q125: In which situation would stagflation exist?<br>A) when
Q126: After a major flood destroyed a large
Q127: Which relationship does the model of aggregate
Q128: The explanations for the slopes of the
Q129: Suppose the economy is initially in long-run
Q131: What happens when the dollar depreciates?<br>A) Canadian
Q132: Consider the following equation where a is
Q133: Which statement best explains the downward slope
Q134: According to classical economic theory, which of
Q135: How much has Canada changed its oil