Economics in the News March 10, 2022 First study the news article linked below. Oilprices are
too high-even for those in the oilpatch A. rises; decreases B. falls; decreases C. does not change;
decreases D. rises; increases 3. What is stagflation? Stagflation is A. a combination of inflation
and recession B. a combination of inflation and expansion C. a combination of deflation and
recession D. a combination of deflation and expansion 4. How could the economy move back to
its original price level following a rise in oil prices? The economy could move back to its
original price level if A. workers were willing to accept lower wages B. the federal government
increased government spending C. the federal government lowered taxes D. the central bank
lowered interest rates.
Economics in the News March 10, 2022 First study the news article lin.pdf
1. Economics in the News March 10, 2022 First study the news article linked below. Oilprices are
too high-even for those in the oilpatch A. rises; decreases B. falls; decreases C. does not change;
decreases D. rises; increases 3. What is stagflation? Stagflation is A. a combination of inflation
and recession B. a combination of inflation and expansion C. a combination of deflation and
recession D. a combination of deflation and expansion 4. How could the economy move back to
its original price level following a rise in oil prices? The economy could move back to its
original price level if A. workers were willing to accept lower wages B. the federal government
increased government spending C. the federal government lowered taxes D. the central bank
lowered interest rates
