An Increase in the Price of Oil Should Cause the Short-Run

question 30

Multiple Choice

An increase in the price of oil should cause the short-run aggregate supply curve to:

• A) shift to the right.
• B) become vertical.
• C) become horizontal.
• D) shift to the left.

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Definitions:

Self-reliance

The reliance on one's own capabilities, judgment, or resources.

Passivity

A trait or behavior characterized by a lack of response or action in situations where one might be expected to engage or make a decision.

Rough and Tumble

A form of play involving physical activities like running, climbing, and play-fighting, important for a child's development.

Vocalization

The act of producing sound or voice through the vocal cords, a common method of communication in many species.