Suppose opec members met and decided to increase their oil


Suppose OPEC members met and decided to increase their oil production (and thus lower prices) for six months. This change will cause many firms’ input prices in the U.S. to __________. This change in input prices will cause a _____________ aggregate supply curve.

A. decrease; shift in the short-run

B. decrease; movement along the short-run

C. decrease; shift in the long-run

D. increase; shift in the short-run

E. increase; movement along the short-run

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Business Economics: Suppose opec members met and decided to increase their oil
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