The graph above refers to a significant increase in oil prices. Which of the following is likely to result?
A. long run economic gains
B. short run economic gains
C. natural rate of unemployment remains constant
D. a rise in inflation from 2.0% to 3.0%
Answer:D
The graph above refers to a significant increase in oil prices. Which of the following is likely to result?
A. long run economic gains B. short run economic gains C. natural rate of unemployment remains constant D. a rise in inflation from 2.0% to 3.0%
Explanation: Type: Multiple Choice