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 rightward.
B) both the short-run aggregate supply and long-run aggregate supply curves leftward.
C) the short-run aggregate supply curve leftward, but leaves the long-run aggregate supply curve unchanged.
D) the long-run aggregate supply curve rightward, but leaves the short-run aggregate supply curve unchanged.
E) the short-run aggregate supply curve leftward, but shifts the long-run aggregate supply curve rightward.
Correct Answer:

Verified
Correct Answer:
Verified
Q89: If real GDP is less than potential
Q90: A vertical long-run aggregate supply curve indicates
Q91: Use the table below to answer the
Q92: The world goes into an expansion. This
Q93: Use the table below to answer the
Q95: Use the figure below to answer the
Q96: Use the table below to answer the
Q97: The defining feature of the Keynesian view
Q98: Which one of the following variables is
Q99: If the price level rises, then the