The increase in oil prices in the 2000s was caused primarily by:
A) an increase in demand for oil
B) an increase in supply of oil
C) a decrease in supply of oil
D) a decrease in demand for oil
Correct Answer:
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Q25: An increase in expected inflation:
A)shifts the short-run
Q26: If the sacrifice ratio is five, it
Q27: According to the theory of rational expectations,
Q28: If the sacrifice ratio is 5 per
Q29: If the sacrifice ratio is 5 per
Q31: The natural rate of unemployment is:
A)the socially
Q32: See the graph 16-1 below.In the short
Q33: In the short run, the Phillips curve
Q34: Faced with an adverse supply shock, the
Q35: Rational expectations refers to _.
A)the theory according
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