Recall the Application About the Causes of Oil Price Increases

question 8

Multiple Choice

Recall the Application about the causes of oil price increases to answer the following question(s) . Economist Lutz Kilian examined the importance of supply disruptions to the U.S. oil market by constructing measures of supply disruptions in oil producing countries based on a detailed examination of prior trends in demand and specifications in oil contracts.
-According to this Application, if speculators believe oil prices are going to rise in the future, they will ________ oil now, which will tend to ________ the current price of oil.

• A) buy; decrease
• B) buy; increase
• C) sell; decrease
• D) sell; increase

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