Question: Suppose that technological changes allow us to more easily access oil, and therefore lower oil prices. According to the aggregate supply and demand (AS-AD) model,

Suppose that technological changes allow us to more easily access oil, and therefore lower oil prices. According to the aggregate supply and demand (AS-AD) model, the lower price of oil will increase the__________ and cause the inflation rate to __________.

A. aggregate demand, increase

B. aggregate demand, decrease

C. long run aggregate supply, increase

D. long run aggregate supply, decrease

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