Reduction in the production of oil

Assignment Help Business Management
Reference no: EM131266166

The OPEC oil embargo of 1973, an event marked by a reduction in the production of oil, a reduction in exported oil to the US, and an increase in oil prices for the US, may have contributed towards the {expansion, recession} of 1973 and {decrease, increase} in real GDP caused by a(n) {decrease, increase}in aggregate supply.

1. In 2011, a record-breaking earthquake and tsunami hit Japan and destroyed roads, buildings, and nuclear power plants. How will this natural disaster impact the U.S. economy in the short run?

Choose one:

A. real GDP will increase; price level will increase; unemployment will increase

B. real GDP will decrease; price level will decrease; unemployment will decrease

C. real GDP will increase; price level will increase; unemployment will decrease

D. real GDP will decrease; price level will decrease; unemployment will increase

2. In the long run, all other things equal, a hurricane in Louisiana will {increase, decrease, not change} U.S. output, {increase, decrease, not change} price level, and {increase, decrease, not change} unemployment.

Reference no: EM131266166

Questions Cloud

Develop a gui version of the invoice application you saw : In this exercise, you'll use netbeans to develop a gui version of the invoice application you saw earlier in this book. When you're done, the user interface for this application should look something like this.
Price of rutabagas is a uniformly distributed random : The price of rutabagas is a uniformly distributed random variable defined on the interval $0.98 to $1.93. 1. Over what interval measure in dollars will 40%of rutabagas be priced?
Global health problems and diseases : This assignment is designed to familiarize you with some of the global health problems and diseases in your selected population. You will discuss the extent to which the behaviors, culture, or environment of the population affected by the infectio..
Explain your conflict handling style : Explain your conflict handling style and how your ability to handle conflict can either enhance or hinder effective leadership in the health care environment. Support your responses with at least 2 examples.
Reduction in the production of oil : The OPEC oil embargo of 1973, an event marked by a reduction in the production of oil, a reduction in exported oil to the US, and an increase in oil prices for the US, may have contributed towards the {expansion, recession} of 1973 and {decrease, ..
What fluid power is expected to be delivered to the turbine : A landowner has constructed an elevated reservoir as shown in Fig. P12.49. She estimates that 1200 L/min is available as continuous flow and desires to install a small Francis turbine to generate electricity for her own use.
Determine the income limit amount for full contributions : Line 2 Enter the modified Adjusted Gross Income for IRA purposes on line 2. Determine the Income Limit amount for full contributions, according the filing status from the list below and enter limit on line 3.
Describe ethical considerations within the evaluation stage : Explain what factors could prevent your policy objective(s) from being implemented. Explain what factors you feel could contribute to your policy meeting its objective(s). Define the revision stage. Explain potential revisions to the policy resulting..
Calculate the pressure at the wall : A 20° inclined manometer attached to a piezometer opening is used to measure the pressure at the wall of airflow. If the reading is measured to be 4 cm of mercury, calculate the pressure at the wall.

Reviews

Write a Review

Business Management Questions & Answers

  Investigate before designing a hotel or resort property

Question about Facilities Management and Design in Hospitality and Tourism - What are the site characteristics an architect must investigate before designing a hotel or resort property?

  Explain china''s unethical practices please respond

Explain China's Unethical Practices Please respond to the subsequent and China has been known to disrupt the intellectual property rights related to technology

  Compensations relation to financial performancehow is

compensations relation to financial performancehow is compensation related to an organizations financial performance?

  Market pull approachin explain what circumstances might a

market pull approachin explain what circumstances might a market-pull approach to new-product design be the best

  Determine the income under each of the following equity

determine the income under each of the following equity theories proprietary theory entity theory orthodox view entity

  How to change the polarized status quo

Recommends how to change the polarized status quo, deal with the collective stress in the aftermath of the campaign and election, and begin changing the political culture toward what the founding fathers had in mind

  Types of control systems

Think of your current or previous employer, and describe what types of control systems they had in place. In your opinion, are they the right ones?

  Mozilla crowdsourcing mystique

Mozilla, the California-based developer of the popular Firefox web browser, is a not-for-profit organization.More importantly, while it employs 250 people, about 40 percent of its work is done by volunteers.

  Books and supplies at the rival college

After graduating from high school, Steve had three choices, listed in order of preference: (1) matriculate at our campus, (2) work in a printed circuit board factory, or (3) attend a rival college. His opportunity cost of going to college here inc..

  Why should resources be a concern in a global strategy

Why should resources be a concern in a global strategy and what resources may be a concern in the country you selected?

  Hard power in a business situation

Give an example when it would be best to use soft power, Give an example when it would be best to use hard power in a business situation.

  Objective function and constraints in linear optimization

Question 1: Explain the importance of correctly stating the objective function and constraints in linear optimization problems. Using examples from your professional experience, describe the problems that could result if the objective function and..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd