The graph above reflects a significant increase in world oil prices. What will the impact on aggregate supply most likely lead to?
A. an increase in economic growth
B. an increase in input prices
C. a decrease in the natural unemployment rate
D. less inflationary pressures
Answer:B
The graph above reflects a significant increase in world oil prices. What will the impact on aggregate supply most likely lead to?
A. an increase in economic growth B. an increase in input prices C. a decrease in the natural unemployment rate D. less inflationary pressures
Explanation: Type: Multiple Choice