If there is a sharp increase in oil prices, in the short run. O. Consumption and investment will fall. O. Consumption will fall, investment will increase, and net exports will fall. O. Consumption, investment, and net exports will stay constant. O. Consumption will fall while investment and net exports will stay constant. O. Consumptionwill fall, net exports will increase, and investment will stay constant.
If there is a sharp increase in oil prices, in the short run. O. Consumption and investment will fall. O. Consumption will fall, investment will increase, and net exports will fall. O. Consumption, investment, and net exports will stay constant. O. Consumption will fall while investment and net exports will stay constant. O. Consumptionwill fall, net exports will increase, and investment will stay constant.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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. If there is a sharp increase in oil prices, in the short run.
O. Consumption and investment will fall.
O. Consumption will fall, investment will increase, and net exports will fall.
O. Consumption, investment, and net exports will stay constant.
O. Consumption will fall while investment and net exports will stay constant.
O. Consumptionwill fall, net exports will increase, and investment will stay constant.
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