What Would Be the Effect on Short-Run Aggregate Supply of a Large,permanent

question 10

Multiple Choice

What would be the effect on short-run aggregate supply of a large,permanent reduction in the world supply of oil?

• A)It would shift left (an increase in short-run aggregate supply).
• B)It would shift left (a decrease in short-run aggregate supply).
• C)It would shift right (a decrease in short-run aggregate supply).
• D)It would shift right (an increase in short-run aggregate supply).

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Definitions:

Breast Tissue

The fibrous, glandular, and fatty tissue that makes up the breasts, essential for milk production and delivery in females.

Barium Enema

A diagnostic test that involves filling the colon with barium contrast material to make the lower gastrointestinal tract visible on an X-ray.

Breathe

To take air into the lungs and then expel it, a vital process for life and respiration.

Nose

A prominent facial feature responsible for the sense of smell and a pathway for breathing.