A New Discovery of Large Volumes of Previously Unknown Oil

question 42

Multiple Choice

A new discovery of large volumes of previously unknown oil deposits in Texas would

• A) shift the short-run and long-run aggregate supply curves to the right.
• B) shift only the short-run aggregate supply curve to the right.
• C) shift only the long-run aggregate supply curve to the right.
• D) not affect either the short-run or long-run aggregate supply curves.

Understand the impact of global consumption ethics on cultural homogenization.

Understand the concept of subcultures based on age and their characteristics.

Identify different generational cohorts and their unique attributes.

Recognize the role of life events and shared experiences in forming consumer behavior.