CocaCola × PESTLE An x .9 Principles o x - 39 Interest, W TaskStream x × TaskStr
ID: 1111341 • Letter: C
Question
CocaCola × PESTLE An x .9 Principles o x - 39 Interest, W TaskStream x × TaskStream × C Secure htps /ecourses pvamu.edu/mod/quiz/attempt phplattempt-7390538pages-4 eCourses PRAIRIE VIEW A+M HELP Fall2017_ECON2123P03-1810-13518 Home / My courses / ECON2123P03-1810-13518 / Week 11: Nov 13-17 / 2123 AD & AS Bonus Point Quiz #21 Question 5 Not yer answered In the AD & AS Model of an economy, what happens when there is a huge increase in the cost of an important resource such as crude oil? Points out of 1 Select one: Flag question a. GDP falls, unemployment rises and inflation falls. b. GDP rises, unemployment falls and inflation rises c. GDP falls, unemployment rises and inflation rises d. GDP rises, unemployment falls and inflation falls Next pag Previous pageExplanation / Answer
The asnwer is C-) GDP Falls, unemployment rises and infaltion rises.
because, when there is a increase in price of the important resources, therefore, it will increase the mnufactured cost of finished goods in whihc crude oil is used. then the aggregate supply shift to the left indicating the decrease in the aggregate supply and inflation will rises and correspond to the unemployment also increases.