The Discovery of a Large Amount of Previously-Undiscovered Oil in the U.S.would

question 50

Multiple Choice

The discovery of a large amount of previously-undiscovered oil in the U.S.would shift

• A)the long-run aggregate-supply curve to the right.
• B)the long-run aggregate-supply curve to the left.
• C)the aggregate-demand curve to the left.
• D)None of the above is correct.

---

Definitions:

Net Earnings Per Share

A financial ratio calculated by dividing the net income of a company by the average number of its outstanding shares, indicating the company's profitability per share.

Stock Price

The cost of purchasing a single share of a company's stock, reflecting the value investors place on the company.

Expected Future

Anticipated conditions or outcomes in the economy, markets, or individual financial situations, often guiding decision-making.

Net Earnings Per Share

A financial metric that calculates the amount of a company's profit that is available to each share of stock, after accounting for dividends on preferred stock.