An Increase in the Price of Oil Should Cause the Short-Run

question 90

Multiple Choice

An increase in the price of oil should cause the short-run aggregate supply curve to:

• A)Shift to the right
• B)Become vertical
• C)Become horizontal
• D)Shift to the left

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Definitions:

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check or note, and has the right to execute or demand its fulfillment.

Forged Indorsement

This refers to an unauthorized signature on a negotiable instrument, such as a check, that falsely purports to be that of the named endorsee.

Non-Existent Employee

A fabricated or fictitious employee created on company records, usually for fraudulent purposes like embezzlement.

Borne

Carried or transported by; often used in the context of who is responsible for paying for something, e.g., "costs borne by the company."