An Increase in the Price of Oil ________ Aggregate Supply,shifting

question 133

Multiple Choice

An increase in the price of oil ________ aggregate supply,shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle.

• A)decreases;rightward;expansion
• B)increases;rightward;recession
• C)increases;rightward;expansion
• D)decreases;leftward;recession
• E)decreases;rightward;recession

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Definitions:

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Tuberculin Skin Test

A diagnostic method to determine if a person has been exposed to tuberculosis bacteria, involving the injection of a small amount of tuberculin into the skin.

Induration

A medical term for an area of hardened tissue, typically resulting from inflammation, infection, or the reaction to a skin test.

Antitussive/Expectorant

A medication that suppresses coughing and helps in the expulsion of mucus from the respiratory tract.