According to Aggregate Demand and Supply Analysis,the Rising Oil Prices

question 11

Multiple Choice

According to aggregate demand and supply analysis,the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________.

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

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Definitions:

Recall Task

A cognitive process involving the ability to retrieve information or experiences from memory.

First Graders

Children who are in the first grade of school, typically aged six or seven, and are in the early stages of formal education.

Specific Learning Disability

A disorder in one or more of the basic psychological processes involved in understanding or using language, spoken or written, that may manifest in an imperfect ability to listen, think, speak, read, write, spell, or do mathematical calculations.

Spatial Reasoning

The capacity to understand, reason, and remember the spatial relations among objects or space.