A Rapid Increase in the Price of Oil Will Tend

question 240

Multiple Choice

A rapid increase in the price of oil will tend to

• A)shift short-run aggregate supply to the left.
• B)shift long-run aggregate supply to the left.
• C)shift long-run aggregate supply to the right.
• D)shift aggregate demand to the right.

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Definitions:

Counterconditioning

A behavior therapy technique that involves replacing an undesirable response to a stimulus with a more desirable one.

Fear of Dogs

A persistent and intense fear of dogs, often categorized as a specific phobia affecting people.

Higher-order Conditioning

A process in behavioral psychology where a conditioned stimulus is paired with a new neutral stimulus, creating a second (often weaker) conditioned stimulus.

Bright Lights

Intense, vivid artificial or natural light, which can influence mood, circadian rhythms, and can be used in light therapy for seasonal affective disorder.