What will a sharp fall in oil prices cause?
A) a recessionary gap
B) an inflationary gap
C) a contractionary gap
D) an equilibrium gap
Correct Answer:
Verified
Q103: What could a recession result from?
A)an increase
Q104: What impact does good supply shock have
Q105: Figure 9-2 Q106: What impact does cost-push inflation have on Q107: If real output is currently greater than Q109: In the short run,what is the impact Q110: Which of the following could begin an Q111: What impact does a sudden increase in Q112: In a stagflation situation,what happens to unemployment Q113: If real output is currently less than
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents