Figure: Real Output Shock This Figure Shows How Real

question 124

Multiple Choice

Figure: Real Output Shock This figure shows how real output growth reacts to a shock of a 10% increase in the price of oil. How long does it take for the economy to return to normal?

• A) 5 quarters
• B) 5 years
• C) 10 years
• D) 2.5 years

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Quality Of Decisions

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A system or organization structured in levels of importance or rank, where each level except the topmost is subordinate to a higher level.

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A method or approach used to identify solutions to varied and complex issues.