A temporary embargo on oil from the Middle East going in to the United States would

A) shift both the short-run and long-run aggregate supply curves to the left.
B) shift only the short-run aggregate supply curve to the left.
C) shift the long-run aggregate supply curve to the right.
D) shift only the long-run aggregate supply curve to the left.


B

Economics

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Answer the following statement true (T) or false (F)

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A) The C + I + G + X curve shifts down, thereby reducing the equilibrium level of real GDP. B) The C + I + G + X curve shifts down, thereby increasing the equilibrium level of real GDP. C) The C + I + G + X curve shifts up, thereby reducing the equilibrium level of real GDP. D) The C + I + G + X curve shifts up, thereby increasing the equilibrium level of real GDP.

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