The 2002–2008 OPEC price increases caused by conflict in the Middle East caused the aggregate
A. demand curve to shift outward.
B. demand curve to shift inward.
C. supply curve to shift outward.
D. supply curve to shift inward.
Answer: D
Economics
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Refer to above Table 2-2. What is the increase in real GDP between years 1 and 2 at fixed year 2 prices?
A) 2.1% B) 5.1% C) 4.4% D) 3.3%
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A rightward shift of a demand curve represents a decrease in demand
a. True b. False
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Economists generally conclude that because GDP rose as a result of the response to the 2005 Hurricanes, they were really a good thing
a. True b. False
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