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According to Aggregate Demand and Supply Analysis,the Rising Oil Prices

question 11

Multiple Choice

According to aggregate demand and supply analysis,the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________.


Definitions:

Assumption

Something presumed to be true or certain to occur, even without evidence.

Simp

A slang term often used colloquially to describe someone who performs excessive sympathy and attention toward another person, sometimes in pursuit of a romantic relationship, typically perceived as not reciprocated or appreciated to the same extent.

Taut

An expression or statement that is redundantly repetitive or circular in its reasoning, effectively always true.

Contra

Against or in opposition to a particular argument or claim.

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