An Increase in the Price of Oil Is Likely to Shift

question 164

True/False

An increase in the price of oil is likely to shift the short-run aggregate supply curve to the right.

---

Definitions:

First-Level Item

A primary element or option in a hierarchical structure, such as a bullet point in a list or a top-tier item in a menu.

Quick Access Toolbar

A customizable toolbar in software applications like Microsoft Office, providing easy access to frequently used commands and tools.

Save Button

A graphical user interface element that initiates the saving of data to a file or database.

Backstage View

A feature in some software applications that provides access to file management tasks, settings, and information.