Which of the following causes the aggregate supply curve shift to the left? an oil embargo...

Question

Question

Which of the following causes the aggregate supply curve shift to the left?

an oil embargo that increases the price of oil sharply

technological progress

an influx of immigrants

none of the above

business economics

Answer 1

Answer #1

Ans) the correct option is an oil embargo that increases the price of oil sharply

when the price of oil increases, the cost of production increases so the aggregate supply shifts to the left

Answer 2

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