If There Is a Large Increase in the Price of Oil,which

question 90

Multiple Choice

If there is a large increase in the price of oil,which of the following would most likely occur in the short run?

• A) The aggregate demand curve shifts upward,the price level rises,and output increases.
• B) The aggregate supply curve shifts downward,the price level falls,and output increases.
• C) The aggregate demand curve shifts downward,the price level falls,and output falls.
• D) The aggregate demand curve shifts upward,output remains unchanged,and the price level rises.
• E) The aggregate supply curve shifts upward,the price level rises,and output falls.

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