If There Is a Large Increase in the Price of Oil,which

question 90

Multiple Choice

If there is a large increase in the price of oil,which of the following would most likely occur in the short run?

• A) The aggregate demand curve shifts upward,the price level rises,and output increases.
• B) The aggregate supply curve shifts downward,the price level falls,and output increases.
• C) The aggregate demand curve shifts downward,the price level falls,and output falls.
• D) The aggregate demand curve shifts upward,output remains unchanged,and the price level rises.
• E) The aggregate supply curve shifts upward,the price level rises,and output falls.

---

Definitions:

Work Setting

The surroundings, both social and physical, where individuals carry out their work.

Leader's Personal Involvement

The extent to which a leader engages personally and actively in the tasks and welfare of the group or organization.

House's Path-Goal

A leadership theory that suggests a leader's effectiveness is determined by their ability to motivate subordinates, clear paths to goals, and select the best leadership style based on the situation.

Contingency Leadership Theory

A leadership theory that suggests the effectiveness of a particular style of leader is contingent upon the situation or environment.