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Verbal·Craft and Structure·Words in Context

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Although it would be overstating the case to characterize the effects of oil shocks—such as the 37% rise in oil prices between November 1947 and January 1948—as merely       , Gbadebo Oladosu et al. have shown that the effects of oil shocks on gross domestic product (GDP) can be fairly modest. In the United States, for instance, recent oil shocks exerted only a slightly negative effect on GDP.

Which choice completes the text with the most logical and precise word or phrase?

A

detrimental

B

idiosyncratic

C

nominal

D

derivative