If the Price of Oil Rises,the

question 254

Multiple Choice

If the price of oil rises,the

• A)AD curve shifts rightward,real GDP increases,and the price level rises.
• B)AS curve shifts leftward,the price level rises,and real GDP decreases.
• C)AD curve and the AS curve shift leftward,real GDP decreases,and the price level rises.
• D)AD curve and the AS curve shift rightward,the price level rises,and real GDP decreases.
• E)AS curve shifts leftward,the price level rises,and real GDP increases.

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Definitions:

Opportunity Recognition

The process of identifying and evaluating new possibilities for business ventures or expansion in the market.

Social Entrepreneurship

The practice of starting companies and initiatives with the aim to develop, fund, and implement solutions to social, cultural, or environmental issues.

Entrepreneurial Ventures

Initiatives or businesses started by individuals to seek, develop, and capitalize on new market opportunities, often involving innovative products or services.

Nonprofit Organizations

Entities that operate for purposes other than generating profit, often focusing on social, educational, or charitable activities.