Suppose a War Disrupts the Supply of Oil to the Country

Multiple Choice

Suppose a war disrupts the supply of oil to the country. What would we expect to happen to the short-run aggregate-supply curve, the short-run Phillips curve, and the long-run Phillips curve?

A) We would expect the short-run aggregate-supply curve, short-run Phillips curve, and long-run Phillips curve to shift left.
B) We would expect the short-run aggregate-supply curve, short-run Phillips curve, and long-run Phillips curve to shift right.
C) We would expect the short-run aggregate-supply curve to shift left, and the short-run Phillips curve and long-run Phillips curve to shift right.
D) We would expect the short-run aggregate-supply curve to shift left, the short-run Phillips curve to shift right, and the long-run Phillips curve to be unaffected.