Solved

The Price of Imported Oil Decreased in 2001

Question 115

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents