By Itself, an Increase in the Price of Oil Shifts

question 58

Multiple Choice

By itself, an increase in the price of oil shifts the

• A) aggregate demand curve leftward and does not shift the aggregate supply curve.
• B) aggregate demand curve rightward and does not shift the aggregate supply curve.
• C) aggregate supply curve rightward and does not shift the aggregate demand curve.
• D) aggregate supply curve leftward and does not shift the aggregate demand curve.
• E) aggregate demand curve rightward and shifts the potential GDP line rightward.