Recall the Application about the causes of oil price increases to answer the following question(s) . Economist Lutz Kilian examined the importance of supply disruptions to the U.S. oil market by constructing measures of supply disruptions in oil producing countries based on a detailed examination of prior trends in demand and specifications in oil contracts.
-According to this Application, if speculators believe oil prices are going to rise in the future, they will ________ oil now, which will tend to ________ the current price of oil.
A) buy; decrease
B) buy; increase
C) sell; decrease
D) sell; increase
Correct Answer:
Verified
Q119: Figure 9.2 Q120: Assuming a long-run aggregate supply curve, an Q121: Recall the Application about the factors involved Q122: When there is a shift the aggregate Q123: Recall the Application about the causes of Q125: A supply shock is an _ event Q126: Recall the Application about the factors involved Q127: Recall the Application about the causes of Q128: Figure 9.2 Q129: Figure 9.2 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents