Multiple Choice
A temporary decrease in the price of oil would be considered a:
A) short-run supply shock.
B) long-run supply shock.
C) demand shock.
D) The changing price of oil would not affect any of these.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: An increase in the education level inside
Q2: In general, changes in the price level
Q3: Higher interest rates make it:<br>A) more expensive
Q5: Aggregate supply is the:<br>A) total quantity of
Q7: The phrase "sticky prices" refers to the
Q8: In the long run, a year-long drought
Q9: In the long run, if the prices
Q11: Because the price level shares a negative
Q63: When the U.S. price level decreases relative
Q96: Consumption:<br>A) is a major component of aggregate