In 1986, OPEC countries increased their production of oil.This caused
A) the price level to rise.
B) aggregate supply to shift right.
C) unemployment to rise.
D) All of these responses are correct.
Correct Answer:
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Q105: Figure 10-1 Q106: The typical movement of the aggregate supply Q107: At levels of output close to full Q108: If the prices of inputs change, what Q109: Many economists are in favor of increased Q111: Figure 10-1 Q112: Increases in the availability of natural resources Q113: Educational reforms that result in improved reading Q114: Figure 10-1 Q115: The price of imported oil decreased in 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
