By Itself, an Increase in the Price of Oil Shifts

question 238

Multiple Choice

By itself, an increase in the price of oil shifts the

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

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Definitions:

First-mover Advantage

The benefit gained by the initial significant occupant of a market segment, often allowing for the establishment of strong brand recognition and customer loyalty.

Niche Manipulation

Niche manipulation refers to the strategic actions taken by organizations or individuals to shape or adapt their specific segment of the market to gain a competitive advantage.

Anticipatory Market Leadership

A strategic approach where a company actively predicts future market trends and customer needs to position itself as a leader in innovation and service.

Equity Financing

Raising capital through the sale of shares in a company, providing investors with ownership interests.