An decrease in the price of oil on the world market would cause aggregate output to
a. rise and the aggregate demand to rise.
b. rise and the aggregate demand to rise.
c. rise and the aggregate supply to rise.
d. fall and the aggregate supply to fall.
C
You might also like to view...
Under which of the following sets of circumstances is it definitely the case that the average product increases as more labor is hired?
A) Total product increases as more labor is hired. B) The marginal product is equal to the average product. C) The marginal product is positive. D) The marginal product is greater than the average product. E) The marginal product is less than the average product.
The largest component of the money supply (M1 ) is
A) time deposits. B) large CDs. C) demand deposits. D) coin and currency.
When people "vote with their feet" they _____
a. move to the governmental jurisdiction with the lowest taxes b. move to the governmental jurisdiction that have the bundle of government goods and services closest to their preferred level c. move to the governmental jurisdiction with the best schools d. move to democracies from dictatorships
Antitrust laws are enforced by:
A. the Department of Commerce. B. the Federal Trade Commission. C. the Federal Reserve. D. the Department of Labor.