« previous next »

Author Question: If rapid increases in oil prices caused price levels to increase and real GDP to decrease in the ... (Read 77 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
If rapid increases in oil prices caused price levels to increase and real GDP to decrease in the short run, the economy would experience
 
  A) an increase in the natural rate of unemployment.
  B) stagflation.
  C) long-run economic decline.
  D) hyperinflation.

Question 2

What does it mean for a good to be non-rival in consumption?
 
  What will be an ideal response?


Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A good is non-rival in consumption if one person's enjoyment of the benefits of the good does not interfere with another's consumption.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

X ray diffraction of beads on a string at different levels X ray diffraction of beads on a string at different levels
Strawberry hemangioma, a birthmark caused by a collection of blood vessels in the skin. Strawberry hemangioma, a birthmark caused by a collection of blood vessels in the skin.
Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
Real Femur Real Femur
Macro-, Meso-, Micro-Levels of Society Macro-, Meso-, Micro-Levels of Society
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library