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During 2008, oil price increases (Multiple Choice)

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During 2008, oil price increases (Multiple Choice)

During 2008, oil price increases
A) shifted the short-run aggregate supply curve farther to the left than similar increases had 30 years earlier.
B) shifted the aggregate demand curve farther to the right than similar increases had 30 years earlier.
C) did not shift the short-run aggregate supply curve as far to the left as similar increases had 30 years earlier.
D) shifted the aggregate demand curve farther to the left than similar increases had 30 years earlier.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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