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.

---

Definitions:

Sensation-Seeking

The trait of pursuing thrilling and exciting experiences, possibly involving physical, social, or financial risk.

Antisocial Behaviors

Actions that violate societal norms and laws, displaying a lack of consideration for others and potentially causing damage to society or relationships.

Antagonist Drugs

Drugs that block or change the effects of an addictive drug, reducing desire for the drug.

Substance Dependence

A condition characterized by the compulsive use of a substance despite harmful consequences, often associated with tolerance and withdrawal symptoms.