An Increase in the Price of Oil ________ Aggregate Supply,shifting

question 174

Multiple Choice

An increase in the price of oil ________ aggregate supply,shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle.

• A)increases;rightward;expansion
• B)decreases;rightward;expansion
• C)increases;rightward;recession
• D)decreases;rightward;recession
• E)decreases;leftward;recession

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Definitions:

Unconditioned Response

A natural, unlearned reaction to an unconditioned stimulus, part of classical conditioning theory.

Unconditional Reinforcement

A form of reinforcement in operant conditioning that is given consistently every time a desired response is made.

Unconditioned Response

An automatic, natural reaction to a stimulus that does not depend on prior learning.

Meat Powder

A processed product made from dried and powdered meat, used as a flavoring or nutritional supplement.