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South Korea does not export an oil South Korea does not export any oil. It is one of the major importers of oil. Does a

South Korea does not export an oil

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South Korea does not export any oil. It is one of the major importers of oil. Does a drop in international price of oil increase ination (or increase prices of goods & services) in this country? O N o, it does not because South Korea does not export any oil. 6) No, it does not because the aggregate supply in the economy shifts to right and there is no reason to think aggregate demand shifts at all. 0 Yes, it does because the aggregate supply in the economy shifts to right. 0 N o, it does not because the aggregate demand in this economy shifts to the left as a result of international price of oil increasing

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