The AD-AS Model Predicts That,in a Country Whose Net Exports

question 119

Multiple Choice

The AD-AS model predicts that,in a country whose net exports of energy are zero,a sudden increase in the price of oil will shift the ___________ curve ___________,resulting in a ___________ price level and ___________ output level in the short run.

• A) SRAS;downwards,lower;higher
• B) AD;to the left;lower;higher
• C) SRAS;upwards;higher;higher
• D) SRAS;upwards;higher;lower
• E) LRAS;to the right;higher;lower

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Definitions:

Negotiated Transfer

A transfer price that is agreed upon by the selling and buying divisions within the same company through negotiation.

Performance Measures

Metrics or indicators used to assess, track, and improve the efficiency and effectiveness of processes, employees, or organizations.

Senior Managers

Executives responsible for making high-level decisions and implementing policies within an organization.

Future Strategies

Plans and approaches developed to achieve long-term goals and navigate future business environments and challenges.