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QUESTION 6 Example 4. The Effects of an increase in Oil Prices: Which curve is shifting and to which side? P LRAS SRAS, P1 A AD Y YN O AD; right O AD; left O SRAS; right O SRAS; left O LRAS; right LRAS; leftQUESTION 1' Example 4. The Effects of an Increase In Oil Prices: Compared with the original equilibrium, in the new short run macroeconomic equilibrium. '1" and P '? Y A decreases _ s P B. stays the same C. increases QUESTION 8 Example 4. The Effects of an Increase in Oil Prices: Continuing from the previous question, if policymakers do nothing, in the long run, wages (increase. decreaseI stay the same), (AD, ems, LRAS) shifts (left, right)