The AD-AS Model Predicts That,in a Country Whose Net Exports

Multiple Choice

The AD-AS model predicts that,in a country whose net exports of energy are zero,a sudden increase in the price of oil will shift the ___________ curve ___________,resulting in a ___________ price level and ___________ output level in the short run.

A) SRAS;downwards,lower;higher
B) AD;to the left;lower;higher
C) SRAS;upwards;higher;higher
D) SRAS;upwards;higher;lower
E) LRAS;to the right;higher;lower