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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.6
How did the negative supply shock that disrupted world oil supplies in 1973 and 1979 impact oil supplies and prices?
The oil supply decreased, and prices decreased
The oil supply decreased, and prices increased
The oil supply increased, and prices increased
The oil supply increased, and prices decreased
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AP Macroeconomics - 3.6 Changes in the AD-AS Model in the Short Run
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Negative Supply Shock
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About Us
About Fiveable
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Careers
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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