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The discovery of a large amount of previously-undiscovered oil in the U.S. would shift? a. the...

The discovery of a large amount of previously-undiscovered oil in the U.S. would shift? a. the long-run aggregate-supply curve to the right b. the aggregate-demand curve to the left c. the long-run aggregate-supply curve to the left d. Does not affect the long run aggregate supply curve

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Answer #1

a is correct

Discovery of oil increases aggregate supply and long run aggregate supply curve shifts to the right.

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