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Author Question: Suppose there is a temporary increase in the price of oil. This is represented by A) a leftward ... (Read 35 times)

robinn137

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on: Jun 29, 2018
Suppose there is a temporary increase in the price of oil. This is represented by
 
  A) a leftward shift of the SAS and the LAS curve.
  B) a leftward shift of the LAS curve.
  C) a rightward shift of the SAS curve.
  D) a leftward shift of the SAS curve.

Question 2

Real GDP measures the
 
  A) total profits earned by all businesses valued using prices from a single year.
  B) changes in the prices of output measured in dollars.
  C) general upward drift in prices.
  D) value of total production linked to prices of a single year.


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jaygar71

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


robinn137

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Reply #2 on: Jun 29, 2018
Thank you :)


jaygar71

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Reply #3 on: Jun 29, 2018
Happy to help you


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