Suppose OPEC Unexpectedly Collapses, Which Leads to a Fall in the Price

question 57

Multiple Choice

Suppose OPEC unexpectedly collapses, which leads to a fall in the price of oil.As a result, the price level

• A)rises, and real GDP increases.
• B)rises, and real GDP decreases.
• C)falls, and real GDP decreases.
• D)rises, and real GDP remains the same.
• E)falls, and real GDP increases.

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Definitions:

Overall Length

The total length of an object measured from one end to the other.

Crown Height

The vertical distance between the top of a curved surface (like a road or a cam) and the chord (straight line) connecting the endpoints of the curve.

Whole Depth

In gear terminology, the total depth of a gear tooth space, from the top of the tooth to the bottom of the gullet.

Bevel Gears

Gears where the axes of the two shafts intersect and the tooth-bearing faces of the gears themselves are conically shaped.