Multiple Choice
The figure given below represents the long-run equilibrium in the aggregate demand and aggregate supply model.
Figure 8.2
-Refer to Figure 8.2. Suppose major oil-exporting countries restrict oil output, thus increasing the price of oil. This would be represented by:
A) a movement from A to C.
B) a movement from A to B to C.
C) a movement from B to C.
D) a movement from B to A.
E) a movement from C to A.
Correct Answer:

Verified
Correct Answer:
Verified
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