Multiple Choice
11.3 The Final Equilibrium
Refer to the information provided in Figure 11.6 below to answer the questions that follow. 
Figure 11.6
-Refer to Figure 11.6. Suppose the equilibrium price level is 110. An increase in the supply of oil would probably
A) increase both the equilibrium output and the price level.
B) decrease the equilibrium output and increase the price level.
C) increase the equilibrium output and decrease the price level.
D) decrease both the equilibrium output and the price level.
Correct Answer:
Verified
Correct Answer:
Verified
Q122: An oil price decrease would<br>A) increase aggregate
Q123: Other things equal, a decrease in government
Q124: To decrease output the government could<br>A) adopt
Q125: The aggregate supply curve<br>A) is the sum
Q126: Refer to the information provided in Figure
Q129: Other things equal, an increase in the
Q130: When the general price level falls<br>A) consumption
Q131: If the United States were to pass
Q132: If the economy is operating on the
Q182: A decrease in the Z factors shifts