Decided to increase oil production-aggregate supply curve

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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

Reference no: EM13898630

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