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<u>Answer:</u>
<em>Companies passed on production and transportation costs to consumers</em>
<u>Explanation:</u>
An increase in oil prices will add to a higher inflation level. This is on the grounds that transport costs will rise prompting more increased prices for many products. <em>This will be cost-push inflation which is very unique to inflation brought about by rising aggregate excess/demand growth. </em>
Consumers will see a decline in unrestricted income. They bear a higher cost of transportation, yet don't have the compensation of income rise. <em>Higher oil costs can prompt slower economic development – especially an issue if consumer spending is less.</em>
Greece is the correct answer
If the government increases its spending when the economy is expanding, automatic stabilizers <u>will decrease</u> the government spending multiplier.
An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.
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Answer: A. a paradigm shift,as it challenged the existing paradigm of the day
Explanation:
A paradigm shift is a major change that occurs in the practices and the concepts of how something works.
Since Ptolemy believed that the earth was at the center of the universe while Copernicus asserted the notion that the sun was at the center of the solar system. Thomas Kuhn would call this an example of paradigm shift.