The Significant Increases in Oil Prices During the Latter 2000s

question 132

Multiple Choice

The significant increases in oil prices during the latter 2000s was an example of

• A) an aggregate demand shock that increased the price level and increased the rate of growth of real Gross Domestic Product (GDP).
• B) an aggregate demand shock that reduced the price level and reduced the rate of growth of real Gross Domestic Product (GDP).
• C) an aggregate supply shock that increased the price level and reduced the rate of growth of real Gross Domestic Product (GDP).
• D) an aggregate supply shock that reduced the price level and increased the rate of growth of real Gross Domestic Product (GDP).

---

Definitions:

Anterior Cingulate Cortex

A part of the brain involved in a wide range of functions including emotion regulation, decision making, and impulse control.

Meadow Voles

Small rodents primarily found in North America, known for their role in ecological systems and studies in behavioral neuroscience focused on social attachment and mating systems.

Pine Voles

A species of small rodent, often studied for their complex social behaviors and bonding patterns.