Hypothetically speaking, if the Organization of Petroleum Exporting Countries stopped exporting oil, a decrease in production would lead to a decrease in aggregate supply.

Name: Hypothetically speaking, if the Organization of Petroleum Exporting Countries stopped exporting oil, a decrease in production would lead to a decrease in aggregate supply.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

If OPEC stopped exporting oil, it would reduce the global supply of oil, a key input in production, leading to a decrease in aggregate supply.

Hypothetically Speaking, If the Organization of Petroleum Exporting Countries Stopped