In the Short Run in the Keynesian Model,an Oil Price

question 20

Multiple Choice

In the short run in the Keynesian model,an oil price shock would leave the economy with a ________ level of output and a ________ real interest rate.

• A)higher;lower
• B)lower;higher
• C)lower;lower
• D)higher;higher

---

Definitions:

Carbon-Chlorine Bond

A covalent bond between a carbon atom and a chlorine atom, often found in organic chlorine compounds.

Polar

Describes molecules or bonds with an uneven distribution of charge due to differences in electronegativity, leading to partial positive and negative ends.

Tertiary Chloride

A compound featuring a chloride ion (Cl-) attached to a carbon atom, which in turn is connected to three other carbon atoms.

Primary Chloride

A chloride compound where the chlorine atom is bonded to a carbon atom that is itself bonded to no more than one other carbon atom.