Higher World Oil Prices

question 15

Multiple Choice

Higher world oil prices

• A) decrease short-run aggregate supply.
• B) decrease aggregate demand.
• C) increase aggregate quantity demanded.
• D) increase short-run aggregate supply.
• E) increase aggregate quantity supplied.

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Definitions:

Environmental Change

Involves alterations in the natural or built environment resulting from human activities or natural processes.

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives with the resources available.

Modified Routines

Adjusted or altered schedules or methods of operation to improve efficiency or accommodate specific needs.

Inertia

The tendency to remain in a current state or resist change, often used in the context of organizations or physical objects.