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-Refer to Figure 15-5

Question 17

Multiple Choice

-Refer to Figure 15-5.Assuming that the economy starts at point X,a decrease in world oil prices would A) move the economy to point A B) move the economy to point B C) shift the aggregate supply curve upward to curve E D) shift the aggregate supply curve downward to curve F E) have no impact since the model only shows the relationship between the overall price level and real GDP.
-Refer to Figure 15-5.Assuming that the economy starts at point X,a decrease in world oil prices would


A) move the economy to point A
B) move the economy to point B
C) shift the aggregate supply curve upward to curve E
D) shift the aggregate supply curve downward to curve F
E) have no impact since the model only shows the relationship between the overall price level and real GDP.

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