All other things being equal, an decrease in the oil price will causethe AD to shift up to the right.O the AS curve to shift down to the right.a down movement along the AS curve.the AD curve to shift down to the left.

Aggregate demand is defined as the measurement of demand for finished goods and services produced in…

All other things being equal, an decrease in the oil price will cause O the AD to shift up to the right. the AS curve to shift down to the right. a down movement along the AS curve. O the AD curve to shift down to the left. O

All other things being equal, an decrease in the oil price will cause O the AD to shift up to the right. the AS curve to shift down to the right. a down movement along the AS curve. O the AD curve to shift down to the left. O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

All other things being equal, an decrease in the oil price will cause
the AD to shift up to the right.
O the AS curve to shift down to the right.
a down movement along the AS curve.
the AD curve to shift down to the left.

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Give typing answer with explanation and conclusion
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1
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