Multiple Choice
A(n) _____ would likely shift the short-run aggregate supply curve to the left.
A) decrease in consumer spending
B) decrease in the price of oil
C) increase in the price of oil
D) increase in consumer spending
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q74: Reducing taxes in response to a recession
Q75: The long-run supply curve illustrates how the
Q76: Use the following to answer questions:<br>Figure: Inflationary
Q77: A positive short-run aggregate supply shock increases
Q78: When the economy is in a recessionary
Q80: Because the aggregate price level has no
Q81: An increase in the minimum wage would
Q82: An increase in aggregate demand is seen
Q83: Use the following to answer questions:<br>Figure: Policy
Q84: Changes in aggregate demand can be caused