A decrease in the price of crude oil would most likely ________.
A. increase aggregate demand in the U.S.
B. decrease aggregate demand in the U.S.
C. decrease aggregate supply in the U.S.
D. increase aggregate supply in the U.S.
Answer: D
Economics
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A leftward shift of the savings curve CANNOT be caused by a(n):
A. positive shock to consumption. B. increase in the government budget deficit. C. reduction in taxes. D. increase in the real interest rate.
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The right to private property and ability to exchange goods and services freely is known as
A) political freedom. B) economic freedom. C) constitutional freedom. D) external freedom.
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