By itself, a fall in the price of oil shifts the
A) short-run aggregate supply curve rightward and does not shift the aggregate demand curve.
B) short-run aggregate supply curve leftward and does not shift the aggregate demand curve.
C) aggregate demand curve rightward and does not shift the short-run aggregate supply curve.
D) aggregate demand curve leftward and does not shift the short-run aggregate supply curve.
Correct Answer:
Verified
Q60: Q61: Cost-push inflation starts with a Q62: Cost-push inflation can start with Q63: Suppose that the money prices of raw Q64: Cost-push inflation can start with Q66: If the prices of crucial raw materials Q67: An increase in the price of a Q68: If oil prices increase, then in the Q69: A higher price for oil shifts the Q70: Cost-push inflation starts with
A) falling GDP
A) a decrease
A) higher money
A)
A) an increase in
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