a-country-discovers-a-new-oil-reserve-how-should-this-discovery-affect-the-short

Question

A country discovers a new oil reserve. How should this discovery affect the short run aggregate supply curve?

Accepted Answer

The SRAS curve will shift to the right due to increased availability of natural resources.

Answer

The SRAS curve will shift to the left due to environmental concerns.

Answer

The SRAS curve will become steeper.

Answer

The SRAS curve will remain unchanged as oil is not a significant factor.