If South Africa were to discover a plentiful supply of cheap oil, this would: Select one: A. move the AS curve to the right. B. move the AD curve to the right. C. move the AD curve to the left. D. move the AS curve to the left.
If South Africa were to discover a plentiful supply of cheap oil, this would: Select one: A. move the AS curve to the right. B. move the AD curve to the right. C. move the AD curve to the left. D. move the AS curve to the left.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter9: Classical Macroeconomics And The Self Regulating Economy
Section: Chapter Questions
Problem 18QP
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Use the graph below to answer the question
If South Africa were to discover a plentiful supply of cheap oil, this would:
Select one:
A. move the AS curve to the right.
B. move the AD curve to the right.
C. move the AD curve to the left.
D. move the AS curve to the left.
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