Suppose There Is a Sharp Decline in Oil Prices

question 43

Multiple Choice

Suppose there is a sharp decline in oil prices. According to the theory of economic fluctuations,

• A)real GDP will fall.
• B)real GDP will not change.
• C)its effect on real GDP is uncertain.
• D)real GDP will increase.
• E)potential GDP will fall.

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Definitions:

Sodium Channels

A type of ion channel found in the membranes of cells, specifically permeable to sodium ions, crucial for initiating and conducting electrical signals in neurons.

Action Potentials

Rapid and temporary electrical impulses that travel along neurons, essential for nerve impulse transmission.

Axon Hillock

The cone-shaped region of an axon of a neuron where the axon joins the cell body, and where action potentials are initiated.

Initial Segment

The part of a neuron where the axon originates from the cell body, crucial for the initiation of action potentials.