An Increase in Oil Prices to a Country That Is

question 104

Multiple Choice

An increase in oil prices to a country that is a net importer of oil shifts

• A)both the short- run aggregate supply and long- run aggregate supply curves leftward.
• B)both the short- run aggregate supply and long- run aggregate supply curves rightward.
• C)the long- run aggregate supply curve rightward, but leaves the short- run aggregate supply curve unchanged.
• D)the short- run aggregate supply curve leftward, but shifts the long- run aggregate supply curve rightward.
• E)the short- run aggregate supply curve leftward, but leaves the long- run aggregate supply curve unchanged.

---

Definitions:

BCG Matrix

A strategic planning tool that categorizes a company's business units or products into four quadrants based on their market share and market growth rate, to help in decision-making.

Categories

Classified groups or divisions within a larger system, often used to organize information or items.

Positioning

The strategy of placing a brand or product in the market to occupy a distinct place in the minds of target customers relative to competing products.

Target Market

A specific group of potential customers at whom a company aims its products and services, identified by demographic, geographic, and psychographic characteristics.