Solved

If the 1979 Oil Price Shock Were to Be Accommodated

Question 50

Multiple Choice

If the 1979 oil price shock were to be accommodated to maintain employment, then the likely effect would have been


A) the incorporation of the energy-induced inflation into expectations that would be perpetuated.
B) a rate of growth of the money supply in excess of what would have otherwise been experienced.
C) the postponement of political pressure to fight inflation by more- restrictive fiscal and monetary policies.
D) all of the above.
E) none of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents