If Oil Prices Increase,then in the Short Run,real GDP Will

question 229

Multiple Choice

If oil prices increase,then in the short run,real GDP will ________ and the price level will ________.

• A)increase;rise
• B)increase;fall
• C)decrease;rise
• D)decrease;fall
• E)not change;rise

---

Definitions:

Common Stock

Equity securities representing ownership shares in a corporation, providing voting rights and a portion of profits through dividends.

Corporation

A legal entity separate from its owners, offering limited liability protection, the ability to raise capital through the sale of shares, and perpetuity.

Market Value

The market rate for buying or selling an asset or service currently.

Ownership

The state or fact of exclusive rights and control over property, which can be tangible or intangible.