Multiple Choice
An increase in the price of oil ________ aggregate supply,shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle.
A) increases;rightward;expansion
B) decreases;rightward;expansion
C) increases;rightward;recession
D) decreases;rightward;recession
E) decreases;leftward;recession
Correct Answer:
Verified
Correct Answer:
Verified
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