Multiple Choice
When there is a recession, the price of oil tends to fall because:
A) people drive more during recessions while looking for employment.
B) the supply of oil increases during a recession, due to technological change.
C) the prices of substitutes for oil rise during recessions.
D) incomes fall during a recession, and oil is a normal good.
Correct Answer:
Verified
Correct Answer:
Verified
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