An increase in oil prices will shift the aggregate:
a. demand curve leftward.
b. demand curve rightward.
c. supply curve leftward.
d. supply curve rightward.
c
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The consensus is that approximately ________ percent of U.S. households are subject to a liquidity constraint in consumption
A) 75 B) 55 C) 35 D) 15 E) 5
Derive the relation between savings, domestic investment, and net capital outflow using the national income accounting identity
An increase in demand and a decrease in supply cause which of the following?
A. Equilibrium price change is indeterminate. B. Equilibrium quantity decreases. C. Equilibrium price falls. D. Equilibrium price rises.
If regulators force a natural monopoly to price as a perfectly competitive firm would, the natural monopolist
A) will experience a lower marginal cost. B) will earn an economic loss. C) will expand its output. D) will experience a rise in long-term average costs.