Which of the following changes best represents the effect of the oil embargo (a shut-off of oil from certain OPEC countries) of the 1970s on the U.S.?

a. A leftward shift of the long-run aggregate supply curve
b. A rightward shift of the long-run aggregate supply curve
c. A leftward shift of the aggregate demand curve
d. A rightward shift of the aggregate demand curve
e. A rightward movement along a given aggregate demand curve


a

Economics

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Economics