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QUESTION 16 Event: Firms expect the price of oil will rise in the future due to...

QUESTION 16

  1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

    Question: What is the change in aggregate demand (AD)?

    a.

    Increase
    b.

    Decrease
    c.

    No change
    d.

    Indeterminate

QUESTION 17

  1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

    Question: What is the change in short run aggregate supply (SRAS)?

    a.

    Increase
    b.

    Decrease
    c.

    No change
    d.

    Indeterminate

QUESTION 18

  1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

    Question: What is the change in long run aggregate supply (LRAS)?

    a.

    Increase
    b.

    Decrease
    c.

    No change
    d.

    Indeterminate

QUESTION 19

  1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

    Question: What is the change in equilibrium price level?

    a.

    Increase
    b.

    Decrease
    c.

    No change
    d.

    Indeterminate

QUESTION 20

  1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

    Question: What is the change in equilibrium real gross domestic product (RGDP)?

    a.

    Increase
    b.

    Decrease
    c.

    No change
    d.

    Indeterminate
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Answer #1

Splanalioni- Ag ati Demand is a Shouwn beoo that tho pate d b the 卜uddle East, thain spending-en-oil shall inereare to tope

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