Multiple Choice
The OPEC production cuts of 1999-2000 increased energy prices and caused the aggregate supply curve to
A) shift outward.
B) shift inward.
C) become flatter.
D) become steeper.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: Over time, aggregate demand and aggregate supply
Q47: One complication that tends to prolong recessionary
Q71: What is meant by an economy's self-correcting
Q75: Part of the normal aftermath of a
Q80: A severe hurricane hits Florida, destroying large
Q147: Recessionary gap arises when<br>A)inventory stock falls.<br>B)government spending
Q171: When equilibrium GDP is below potential GDP,
Q208: A statement issued by the president's economic
Q217: What would be the likely result of
Q228: Economists believed that the U.S.economy had a