Multiple Choice
An increase in oil prices to a country that is a net importer of oil shifts
A) both the short- run aggregate supply and long- run aggregate supply curves leftward.
B) both the short- run aggregate supply and long- run aggregate supply curves rightward.
C) the long- run aggregate supply curve rightward, but leaves the short- run aggregate supply curve unchanged.
D) the short- run aggregate supply curve leftward, but shifts the long- run aggregate supply curve rightward.
E) the short- run aggregate supply curve leftward, but leaves the long- run aggregate supply curve unchanged.
Correct Answer:

Verified
Correct Answer:
Verified
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