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

Author Question: Suppose there is a temporary increase in the price of oil. This is represented by A) a leftward ... (Read 32 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


robinn137

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jun 29, 2018
Thank you :)


jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library