The Increase in Real Oil Prices Since 2002 Did Not

question 101

Multiple Choice

The increase in real oil prices since 2002 did not immediately cause a U.S. recession. Which of the following is NOT a reason for this?

• A) More fuel-efficient cars meant the United States consumed much less oil than in previous decades.
• B) The price increases were mainly due to increased demand and were expected.
• C) Positive technology shocks balanced the negative oil shocks.
• D) The Federal Reserve was able to counteract some aspects of the negative oil shocks.

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Definitions:

Myelin Sheath

A fatty layer that surrounds the axons of some neurons, providing insulation and increasing the speed of electrical transmission along the nerve.

CNS

Central Nervous System, comprising the brain and spinal cord, responsible for processing information and controlling body functions.

Glial Cell

Non-neuronal cells in the nervous system that provide support, nutrition, and insulation between neurons.

Microglia

A type of glial cell located throughout the brain and spinal cord, acting as the primary form of active immune defense in the central nervous system.