An Increase in the Price of Oil Will Cause

question 59

Multiple Choice

An increase in the price of oil will cause

• A) a movement down the SRAS curve.
• B) a movement up the SRAS curve.
• C) a leftward shift in the SRAS curve.
• D) a rightward shift in the SRAS curve.
• E) no change regarding the SRAS curve.

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Definitions:

MP

This term can refer to multiple concepts; as "Member of Parliament", it denotes a representative elected to the legislative body of a country. In a military context, it stands for "Military Police", a branch of the service concerned with enforcing discipline and the law within the armed forces.

Simp

A slang term often used to describe someone who demonstrates excessive sympathy or attention towards someone else, typically someone they are romantically interested in, in a way that is seen as undignified or without reciprocation.

Conj

Short for "conjunction," a part of speech that connects words, phrases, or clauses in a sentence.

Add

To add means to combine or join something with another, resulting in an increase in quantity, number, or significance.