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By Itself, an Increase in the Price of Oil Shifts

Question 58

Multiple Choice

By itself, an increase in the price of oil shifts the


A) aggregate demand curve leftward and does not shift the aggregate supply curve.
B) aggregate demand curve rightward and does not shift the aggregate supply curve.
C) aggregate supply curve rightward and does not shift the aggregate demand curve.
D) aggregate supply curve leftward and does not shift the aggregate demand curve.
E) aggregate demand curve rightward and shifts the potential GDP line rightward.

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