The Discovery of a Large Amount of Previously-Undiscovered Oil in the U.S.would

question 50

Multiple Choice

The discovery of a large amount of previously-undiscovered oil in the U.S.would shift

• A)the long-run aggregate-supply curve to the right.
• B)the long-run aggregate-supply curve to the left.
• C)the aggregate-demand curve to the left.
• D)None of the above is correct.

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Definitions:

Forces and Energies

In social sciences, refers to the various driving factors and dynamics that shape social structures, behaviors, and changes.

Social Contagion

The spread of behaviors, attitudes, or emotions through groups or societies, much like the transmission of diseases.

Affect

In psychology, a broad range of emotions and subjective feelings that can influence an individual's behavior and perceptions.

Collective Effervescence

Describes the energetic sense of community and unity experienced by individuals during group gatherings or social events, as defined by Emile Durkheim.