In the short run, a reduction in the price of oil will cause
A) a reduction in output.
B) an increase in the price level.
C) a reduction in the interest rate.
D) all of the above
E) none of the above
C
Economics
You might also like to view...
A decrease in the interest rate, other things being equal, causes
a. an upward movement along the demand curve for money. b. a downward movement along the demand curve for money. c. a rightward shift of the demand curve for money. d. a leftward shift of the demand curve for money.
Economics
Which of the following is a barrier to entry?
A. Patents and licenses B. Buyers' incomes C. Close substitutes D. Diminishing marginal returns
Economics