If the price of oil rises, the
A) AD curve and the AS curve shift rightward, the price level rises, and real GDP decreases.
B) AS curve shifts leftward, the price level rises, and real GDP decreases.
C) AD curve and the AS curve shift leftward, real GDP decreases, and the price level rises.
D) AD curve shifts rightward, real GDP increases, and the price level rises.
E) AS curve shifts leftward, the price level rises, and real GDP increases.
B
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Which of the following statements is true?
A) Job search refers to the activities that workers undertake to find appropriate jobs. B) It is easier to find full-time suitable employment than to find seasonal part-time employment. C) In a competitive market, workers who demand a wage higher than the equilibrium wage rate are likely to get employed faster. D) Job search is normally a month-long process.
Refer to the figure above. This country has comparative advantage in
A) X. B) Y. C) both X and Y. D) Can't tell without more information.