If the Price of Crude Oil Decreased, Then This Would

question 173

Multiple Choice

If the price of crude oil decreased, then this would most likely

• A) decrease aggregate supply in the U.S.
• B) increase aggregate supply in the U.S.
• C) increase aggregate demand in the U.S.
• D) decrease aggregate demand in the U.S.

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Definitions:

Self-Reference Effect

The tendency for individuals to better remember information when it is related to oneself.

Adjectives

Words that describe or modify another person or thing in the sentence, often used to convey characteristics or qualities.

Effortful Processing

A type of information processing that requires conscious effort and attention, as opposed to automatic processing which requires little to no conscious effort.

Long-Term Retention

The ability to maintain and recall information over extended periods of time, beyond short-term memory.