Multiple Choice
Oil price increases generally produce ________ supply shocks in which the price level rises and then ________.
A) temporary,holds at its new higher level
B) temporary,returns to its previous level
C) permanent,holds at its new higher level
D) permanent,returns to its previous level
Correct Answer:

Verified
Correct Answer:
Verified
Q170: Using a model of the economy's structure
Q171: The disinflation carried out with a cold
Q172: Which of the following countries had the
Q173: A negative relationship between inflation and unemployment
Q174: From an initial long-run equilibrium with zero
Q176: The "direct effect" of an adverse supply
Q177: In the SP/LP model it is possible
Q178: At every current AD/SAS equilibrium point to
Q179: Which of the following are reasons why
Q180: Which of the following does NOT affect