An increase in the price of oil will cause which of the following in the medium run?
A) no change in the level of output
B) no change in the price level
C) an increase in the unemployment rate
D) a reduction in the interest rate
E) none of the above
C
Economics
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Which of the following is NOT a form of e-money?
A) a debit card B) a credit card C) a stored-value card D) a smart card
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An effective price floor on wheat will:
A. force otherwise profitable farmers out of business. B. result in a shortage of wheat. C. clear the market for wheat. D. result in a surplus of wheat.
Economics