After an Unexpected Increase in the Price of Oil, the Long-Run

question 99

Multiple Choice

After an unexpected increase in the price of oil, the long-run adjustment ________ the price level and ________ the unemployment rate as they return to their original levels.

• A)increases; increases
• B)increases; decreases
• C)decreases; increases
• D)decreases; decreases

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Definitions:

Criminal Court

The branch of the judiciary system where criminal cases are heard, including trials and hearings.

Mental Illness

A broad term for conditions affecting mood, thinking, and behavior, significantly impacting day-to-day life and functioning.

Incarcerating

The act of confining someone in a prison or similar facility.

Medication Education

The practice of educating patients about their medications, including usage, side effects, and interactions, to promote effective and safe treatment.