Multiple Choice
You read a study that predicts that rising oil prices projected for this summer are certain to fuel inflation.Having taken an economics class,due to this expected change in prices,you predict that spending today will ________ and aggregate demand today will ________.
A) be unaffected; be unaffected
B) increase; increase
C) decrease; decrease
D) decrease; increase
E) increase; decrease
Correct Answer:
Verified
Correct Answer:
Verified
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