The 2002-2008 OPEC Price Increases Caused by Conflict in the Middle

question 48

Multiple Choice

The 2002-2008 OPEC price increases caused by conflict in the Middle East caused the aggregate

• A)demand curve to shift outward.
• B)demand curve to shift inward.
• C)supply curve to shift outward.
• D)supply curve to shift inward.

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Definitions:

Identity

The fact of being who or what a person or thing is; a distinct personality of an individual regarded as a persisting entity.

Role Confusion

Occurs when individuals are unsure about their place or role in society, often experienced during adolescence as part of identity development.

Basic Trust

A sense of trust and security fundamentally formed during infancy, as outlined in Erik Erikson's stages of psychosocial development.

Autonomy

The capacity to make an informed, uncoerced decision; often associated with independence and self-governance.