Suppose there is a temporary increase in the price of oil. This is represented by
A. a leftward shift of the SAS and the LAS curve.
B. a leftward shift of the LAS curve.
C. a rightward shift of the SAS curve.
D. a leftward shift of the SAS curve.
Answer:D
Suppose there is a temporary increase in the price of oil. This is represented by
A. a leftward shift of the SAS and the LAS curve. B. a leftward shift of the LAS curve. C. a rightward shift of the SAS curve. D. a leftward shift of the SAS curve.