When increasing oil prices cause aggregate supply to shift to the left, then:
A. unemployment and inflation decrease.
B. unemployment decreases and inflation increases.
C. unemployment and inflation increase.
D. unemployment increases and inflation decreases.
Answer:C
When increasing oil prices cause aggregate supply to shift to the left, then:
A. unemployment and inflation decrease. B. unemployment decreases and inflation increases. C. unemployment and inflation increase. D. unemployment increases and inflation decreases.
Explanation: Type: Multiple Choice