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Author Question: Assume that the economy is at a long run equilibrium and oil prices rise. As a result, the ________ ... (Read 62 times)

dmcintosh

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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.


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tsternbergh47

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

D

Answer to Question 2

C


dmcintosh

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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