The price of imported oil decreased in 2001.How did this affect the aggregate supply curve?
A) The aggregate supply curve became steeper.
B) The aggregate supply curve became flatter.
C) The aggregate supply curve shifted inward.
D) The aggregate supply curve shifted outward.
Correct Answer:
Verified
Q110: In 1986, OPEC countries increased their production
Q111: Figure 10-1 Q112: Increases in the availability of natural resources Q113: Educational reforms that result in improved reading Q114: Figure 10-1 Q116: Figure 10-1 Q117: If aggregate quantity supplied exceeds aggregate quantity Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
![]()
![]()