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
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter24: The Aggregate Demand/aggregate Supply Model
Section: Chapter Questions
Problem 30RQ: Name some factors that could cause AD to shift, and say whether they would shift AD to the tight or...
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