Refer to Figure 11.1. Assume the economy is in equilibrium at 1 = 0. Other things equal, an unexpected large increase in the price of oil will result in a movement from point ________ to point ________
A) A; B
B) B; A
C) A; C
D) A; D
B
Economics
You might also like to view...
As a possible approach to eliminating the government budget deficit, increasing taxes on the rich only would
A) not lead to a significant increase in tax revenues. B) lead to a significant increase in tax revenues. C) lead to an increase in real GDP. D) lead to a greater number of entitlements.
Economics
Which of the following is NOT a protected title vii class?
a. race b. age c. sexual preference d. religion
Economics