By Itself, a Fall in the Price of Oil Shifts

question 73

Multiple Choice

By itself, a fall in the price of oil shifts the

• A) aggregate demand curve leftward and does not shift the short- run aggregate supply curve.
• B) aggregate demand curve rightward and does not shift the short- run aggregate supply curve.
• C) short- run aggregate supply curve leftward and does not shift the aggregate demand curve.
• D) short- run aggregate supply curve rightward and does not shift the aggregate demand curve.

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Definitions:

British Emigrants

Individuals who have left Great Britain to settle in other countries, often in search of better opportunities or to escape conditions at home.

Stamp Act

A law enacted by the British Parliament in 1765 requiring all American colonists to pay a tax on every piece of printed paper they used, sparking widespread protest.

Virginia House of Burgesses

The first democratically-elected legislative body in British North America, established in the Colony of Virginia in 1619, making laws for the colony.

Stamp Distributors

Officials or agents responsible for selling and distributing stamps used for postal services or as part of a tax or control measure on documents during historical periods.