At the beginning of 2015, a country is at full-employment. During 2015, oil-producing countries decrease oil production leading to much higher oil prices. The higher oil prices can
A) increase aggregate demand and lead to an expansion.
B) increase aggregate supply and lead to an expansion.
C) decrease aggregate demand and lead to a stagflation.
D) decrease aggregate supply and lead to a stagflation.
E) decrease aggregate demand and lead to a higher price level.
D
Economics
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A) the point at which saving equals zero. B) a situation in which saving is positive. C) a situation in which saving is negative. D) the amount of autonomous consumption.
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Explain Microsoft Windows' monopoly positions in terms of network externalities
What will be an ideal response?
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