By itself, a fall in the price of oil shifts the
A) aggregate demand curve leftward and does not shift the short- run aggregate supply curve.
B) aggregate demand curve rightward and does not shift the short- run aggregate supply curve.
C) short- run aggregate supply curve leftward and does not shift the aggregate demand curve.
D) short- run aggregate supply curve rightward and does not shift the aggregate demand curve.
Correct Answer:
Verified
Q90: In the short- run, an increase in
Q91: If the prices of crucial raw materials
Q92: If oil prices increase, then in the
Q93: An increase in the price of a
Q94: Stagflation is associated with
A) cost- push inflation.
B)
Q96: The term "stagflation" refers to the situation
Q97: Stagflation occurs when the price level and
Q98: A higher price for oil shifts the
A)
Q99: An increase in the world price of
Q100: A one- time increase in oil prices
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