Y7

Question 16 1 pts In the short run, how will a lower oil price most likely affect the price level and real GDP? O Price level increases and real GDP increases. Price level increases and real GDP decreases. O Price level decreases and real GDP increases. O Price level decreases and real GDP decreases. Question 17 1 pts In the long run, how will a stock market boom most likely affect the price level and real GDP? O Price level increases and real GDP increases. O Price level increases and real GDP stays the same. O Price level decreases and real GDP stays the same. Price level decreases and real GDP increases