Multiple Choice
An increase in the price of oil will cause which of the following in the medium run?
A) no change in the level of output
B) no change in the price level
C) an increase in the unemployment rate
D) a reduction in the interest rate
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q2: For this question,assume that the economy is
Q3: What is the major reason for oil
Q4: Use the IS-LM-PC model to illustrate how
Q6: Okun's law shows that when the unemployment
Q7: When the policy rate increases,<br>A)IS curve does
Q8: When a government reduces its deficits by
Q9: In the IS-LM-PC model,investment does not depend
Q10: What is the major reason for oil
Q11: Okun's law shows that when the unemployment
Q26: Disposable income equals<br>A)income minus saving.<br>B)income minus both