A temporary increase in the price of oil would
A) increase both short-run and long-run aggregate supply.
B) decrease both short-run and long-run aggregate supply.
C) increase short-run aggregate supply and decrease long-run aggregate supply.
D) decrease short-run aggregate supply and leave long-run aggregate supply unchanged.
D
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An example of someone bearing the burden of a negative consumption externality would be
A) Taylor living downwind from a feedlot. B) LaShawn grows beautiful roses in her garden. C) Jess's roommate smokes and she doesn't. D) All of these are examples of someone bearing the burden of a negative consumption externality. E) None of these is an example of someone bearing the burden of a negative consumption externality.
In a Nash equilibrium, each player takes the best possible action given the actions of the other players
Indicate whether the statement is true or false
A dynamic decision is one that
A) is made very quickly. B) involves only the present. C) involves only the future. D) involves planning over more than one time period.
What is the mission of the International Monetary Fund (IMF)?
What will be an ideal response?