An Increase in Oil Prices to a Country That Is

question 94

Multiple Choice

An increase in oil prices to a country that is a net importer of oil shifts

• A)both the short-run aggregate supply and long-run aggregate supply curves rightward.
• B)both the short-run aggregate supply and long-run aggregate supply curves leftward.
• C)the short-run aggregate supply curve leftward, but leaves the long-run aggregate supply curve unchanged.
• D)the long-run aggregate supply curve rightward, but leaves the short-run aggregate supply curve unchanged.
• E)the short-run aggregate supply curve leftward, but shifts the long-run aggregate supply curve rightward.

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Definitions:

Ethical

Relating to moral principles or the branch of knowledge dealing with these, often guiding behavior in personal and professional contexts.

Ethics

Ethical standards that influence an individual's actions or the management of an activity.

Media Richness

Media richness theory suggests that communication media vary in their ability to convey information effectively, with richer media being more capable of transmitting complex messages.

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The act of making it easier to provide or receive constructive criticism and responses.