Recall Application 1, "Energy Price Uncertainty Reduces Investment Spending," to answer the following questions:
-According to the application, the wild swing in the price of oil in 2008- 2009 resulted in:

Question

Quizplus · Accepted Answer

The application states that the wild swings in oil prices during 2008-2009 led to an increase in uncertainty about the future direction of energy prices, causing firms to decrease their investment in energy-saving technology.

Recall Application 1, "Energy Price Uncertainty Reduces Investment Spending," to Answer