A Temporary Embargo on Oil from the Middle East Going

question 339

Multiple Choice

A temporary embargo on oil from the Middle East going in to the United States would

• A)shift both the short-run and long-run aggregate supply curves to the left.
• B)shift only the long-run aggregate supply curve to the left.
• C)shift the long-run aggregate supply curve to the right.
• D)shift only the short-run aggregate supply curve to the left.

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Definitions:

Accounts Receivable Ledger

A subsidiary ledger that records and monitors transactions related to the amounts owed by customers who have purchased goods or services on credit.