OPEC Failed to Maintain a High Price of Oil in the Long

question 208

True/False

OPEC failed to maintain a high price of oil in the long run because both the supply of oil and the demand for oil are more elastic in the long run than in the short run.

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Definitions:

Dialectical Behavioral Therapy

A type of cognitive-behavioral therapy aimed at teaching people how to live in the moment, develop healthy ways to cope with stress, regulate emotions, and improve relationships.

Assertiveness Training

A behavioral therapy technique designed to help individuals confidently express their wants and needs in a respectful manner.

DBT

Dialectical Behavior Therapy, a type of cognitive-behavioral therapy aimed at teaching people how to live in the moment, cope healthily with stress, regulate emotions, and improve relationships with others.

Marsha Linehan

A psychologist who developed Dialectical Behavior Therapy, particularly for treating borderline personality disorder.