An Increase in the Price of Foreign Oil Can Shift

question 81

Multiple Choice

An increase in the price of foreign oil can shift the economy's aggregate supply curve _____ resulting in inflation.

• A)inward
• B)outward
• C)along the curve
• D)None of the above is correct.

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Definitions:

Sympathetic Nervous System

A branch of the autonomic nervous system responsible for mobilizing the body's responses under stress, famously known for its role in the "fight or flight" response.

Prefrontal Cortex

The front part of the frontal lobe of the brain, involved in complex cognitive behavior, personality expression, decision making, and moderating social behavior.

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for conserving energy, slowing the heart rate, and facilitating digestion and relaxation.

Epinephrine

A hormone and neurotransmitter also known as adrenaline; involved in the body's fight-or-flight response.