A Decrease in the Price of Foreign Oil Will Affect

question 112

Multiple Choice

A decrease in the price of foreign oil will affect the U.S.economy by

• A)increasing aggregate demand.
• B)decreasing aggregate demand.
• C)increasing aggregate supply.
• D)decreasing aggregate supply.

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Definitions:

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The concept that describes how new skills or knowledge can be acquired more efficiently over time with practice and experience.

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