Suppose the economy is initially at point A in the diagram below, and oil prices suddenly fall. Which point best depicts where the economy will end up in the short run? 
Definitions:
MU/P
Refers to the marginal utility per price, a concept in economics that describes the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service, relative to its price.
Process Innovation
The implementation of a new or significantly improved production or delivery method.
Scientific Principles
Fundamental concepts or laws that are based on scientific evidence and reasoning, serving as the foundation for scientific research and understanding of the natural world.
New Products
Innovations introduced to the market that meet new needs or better serve existing needs.
Q5: Starting in the mid-twentieth century, paper money
Q20: When the Fed changes monetary policy to
Q23: Explain how two shifts in the aggregate
Q52: Does the saving rate in developed countries
Q68: Economic fluctuations in the United States have
Q106: Historians trace the origins of money to
Q109: Suppose that, at any given level of
Q110: Which of the following best explains what
Q166: Which of the following statements concerning a
Q171: Suppose the GDP deflator is 100 in