If the Economy Shown in the Figure Begins on AD₁

question 3

Multiple Choice

If the economy shown in the figure begins on AD₁ and SRAS₁, what will happen in the short run and long run if the price of oil rises significantly?

• A) The economy will move from point C to E to B.
• B) The economy will move from point D to C to B.
• C) The economy will move from point C to A to B.
• D) The economy will move from point D to C to E.

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A severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

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A white crystalline substance with a strong, penetrating odor, used medicinally to relieve pain and irritation as well as in aromatherapy.