In addition to oil price increases in 2008:
A) natural gas prices fell.
B) the interest rate premium fell.
C) commodity prices also rose.
D) inflation remained unchanged.
E) aggregate supply increased.

Question

Quizplus · Accepted Answer

Commodity prices tend to move together, so it is not surprising that other commodity prices also rose in 2008 in addition to oil prices. Natural gas prices did fall during that time period, but that is not the only answer choice. The interest rate premium and inflation are not directly related to oil prices. Aggregate supply may have increased, but it is not specified in the question and therefore cannot be chosen as the best answer.

In Addition to Oil Price Increases in 2008