If the Price of Oil Rises, the

question 9

Multiple Choice

If the price of oil rises, the

• A)AD curve and the AS curve shift rightward, the price level rises, and real GDP decreases.
• B)AS curve shifts leftward, the price level rises, and real GDP decreases.
• C)AS curve shifts leftward, the price level rises, and real GDP increases.
• D)AD curve and the AS curve shift leftward, real GDP decreases, and the price level rises.
• E)AD curve shifts rightward, real GDP increases, and the price level rises.

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Definitions:

Emotional Labor

involves managing and regulating one's emotions to meet the emotional requirements of a job or role, often seen in service-oriented professions.

Customer Service

The support and guidance offered by a business to its customers who purchase or utilize its goods or services.

Performing Art

Forms of art such as music, dance, and theater, where artists use their bodies, voices, or instruments to convey artistic expression.

Continental Collision

The process where two continental plates collide, leading to mountain building, earthquakes, and the formation of new crustal features.