Multiple Choice
What would be the effect on short-run aggregate supply of a large,permanent reduction in the world supply of oil?
A) It would shift left (an increase in short-run aggregate supply) .
B) It would shift left (a decrease in short-run aggregate supply) .
C) It would shift right (a decrease in short-run aggregate supply) .
D) It would shift right (an increase in short-run aggregate supply) .
Correct Answer:

Verified
Correct Answer:
Verified
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