A decrease in the price of foreign oil will affect the U.S.economy by
A) increasing aggregate demand.
B) decreasing aggregate demand.
C) increasing aggregate supply.
D) decreasing aggregate supply.
Correct Answer:
Verified
Q75: Aggregate demand grows because
A)patent laws protect and
Q76: A study of the U.S.price level and
Q77: If aggregate demand had grown faster than
Q78: If the fluctuations in the economy's real
Q79: A movement from an upper point to
Q81: The origin of the Phillips curve is
Q82: If the fluctuations in the economy's real
Q83: The Phillips curve is built on the
Q84: Figure 33-4 Q85: When the Phillips curve was first formulated
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