expand icon
book Issues in Economics Today 7th Edition by Robert Guell cover

Issues in Economics Today 7th Edition by Robert Guell

Edition 7ISBN: 978-0078021817
book Issues in Economics Today 7th Edition by Robert Guell cover

Issues in Economics Today 7th Edition by Robert Guell

Edition 7ISBN: 978-0078021817
Exercise 3
The oil price increases of 2002-2005 are an example of a
A) positive aggregate demand shock.
B) negative aggregate demand shock.
C) positive aggregate supply shock.
D) negative aggregate supply shock.
Explanation
Verified
like image
like image

Hence, option (a)is incorrect.
An incre...

close menu
Issues in Economics Today 7th Edition by Robert Guell
cross icon