Question 1
Refer to the information provided in Figure 26.6 below to answer the question(s) that follow.
Refer to Figure 26.6. Suppose the equilibrium output is initially $600 billion. A decrease in the
Z factors ________ equilibrium output and ________ the price level.
◦ decreases; leaves unchanged
◦ leaves unchanged; increases
◦ increases; increases
◦ increases; decreases
Question 2
Refer to the information provided in Figure 26.6 below to answer the question(s) that follow.
Refer to Figure 26.6. Suppose the equilibrium output is initially $600 billion. An oil embargo would probably
◦ increase both the equilibrium output and the price level.
◦ decrease the equilibrium output and increase the price level.
◦ increase the equilibrium output and decrease the price level.
◦ decrease both the equilibrium output and the price level.
Genetic Information
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Midpoint Question
economic question
economic question
economic question