Multiple Choice
In the mid-2000s, the price of oil was being driven higher by rising demand by
A) Germany
B) the United States
C) China
D) the United States and China
E) Germany, the United States, and China
Correct Answer:

Verified
Correct Answer:
Verified
Q33: When aggregate demand increases, all of the
Q34: The upward-sloping aggregate supply curve represents<br>A) increases
Q35: Figure 12.4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 12.4
Q36: Cost-push inflation is caused by<br>A) a leftward
Q37: If both aggregate demand and short-run aggregate
Q39: Which of the following is not one
Q40: Technological advance shifts the aggregate supply curve
Q41: Which of the following is not a
Q42: Long-run aggregate supply increases as<br>A) new production
Q43: Other things equal, an increase in government