Other Things Equal, If World Oil Prices Increased by 70

question 93

Multiple Choice

Other things equal, if world oil prices increased by 70 percent then the most likely effect would be to:

• A)shift the aggregate demand curve right.
• B)shift the aggregate supply curve right.
• C)shift the aggregate supply curve left.
• D)shift the aggregate demand curve right and the aggregate supply curve left.

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Definitions:

Biomedical Therapy

Medical approaches to treating psychological disorders that include medication, surgery, or other medical interventions.

Exposure Therapy

A psychological treatment designed to help individuals face and gain control of fears and distresses by facing them in a controlled and safe environment.

Systematic Desensitization

Systematic desensitization is a therapeutic technique used to reduce phobic responses by gradually exposing the individual to the fear-inducing object or situation.

Psychodynamic Therapy

A therapeutic approach that emphasizes understanding the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experiences.