If There Is a Sharp Increase in Oil Prices, in the Short

question 103

Multiple Choice

If there is a sharp increase in oil prices, in the short run

• A)consumption and investment will fall.
• B)consumption will fall, investment will increase, and net exports will fall.
• C)consumption, investment, and net exports will stay constant.
• D)consumption will fall while investment and net exports will stay constant.
• E)consumption will fall, net exports will increase, and investment will stay constant.

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Definitions:

Induce

To lead or move someone to do something, often through persuasion or influence.

Liability

A legal responsibility or obligation, which can be in the form of debts or obligations arising from contracts, or as a result of violating laws and causing harm.

Appropriation

The act of setting aside funds for a specific purpose or the unauthorized use of someone's name, likeness, or work without permission.

Intrusion

An unauthorized entry or encroachment into someone else's property or personal affairs.