This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that the economy is at a long run equilibrium and oil prices rise. As a result, the ________ ... (Read 57 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
Assume that the economy is at a long run equilibrium and oil prices rise. As a result, the ________ shifts ________.
 
  A) AD; rightward
  B) AD; leftward
  C) SAS; rightward
  D) SAS; leftward

Question 2

In the figure above, if the interest rate is 6 percent
 
  A) there is a 0.1 trillion excess quantity of money and the interest rate will rise.
  B) there is a 0.1 trillion excess quantity of money and the interest rate will fall.
  C) the money market is in equilibrium and the interest rate will remain constant.
  D) there is a 0.1 trillion excess demand for money and the interest rate will rise.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


dmcintosh

  • Member
  • Posts: 517
Reply 2 on: Jun 29, 2018
Gracias!

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Endochondral ossification of long bone. Endochondral ossification of long bone.
A port fuel-injected engine that is equipped with long, tuned intake-manifold runners. A port fuel-injected engine that is equipped with long, tuned intake-manifold runners.
Apply the body wrap substance to the back with long, smooth strokes, covering the area thoroughly. Apply the body wrap substance to the back with long, smooth strokes, covering the area thoroughly.
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
How Long Do You Ovulate After Your Period? How Long Do You Ovulate After Your Period?
Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra. Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra.
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library