Multiple Choice
In 2013,the price of gas was $3.60 per gallon,and in 2016,the price of gas was $2.05 per gallon.Since one would be spending less on gas in 2016 than in 2013,one would have more to spend on other goods and services.All else the same,this is an example of the ________ effect.
A) wealth
B) net export
C) consumption
D) interest rate
E) oil price
Correct Answer:
Verified
Correct Answer:
Verified
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