A crisis in the Middle East drastically raises the price of petroleum. If the aggregate demand curve does not shift, then aggregate supply will ________, real GDP will ________, and the price level will ________
A) increase; remain the same; increase
B) decrease; decrease; increase
C) increase; increase; increase
D) remain the same; increase; increase
E) decrease; remain the same; decrease
B
Economics
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A) charges the same price for all the units of its product that it sells. B) charges different prices for different units of its product. C) is discriminated against by consumers. D) None of the above answers is correct.
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Based on the textbook application, in the United Kingdom,
a. there are no official air quality standards b. limit values are defined for some of the same pollutants covered by the U.S. NAAQS c. standards for pollutant levels are set to be equivalent to those in the United States d. none of the above
Economics