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

Author Question: At the beginning of 2015, a country is at full-employment. During 2015, oil-producing countries ... (Read 67 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
At the beginning of 2015, a country is at full-employment. During 2015, oil-producing countries decrease oil production leading to much higher oil prices. The higher oil prices can
 
  A) increase aggregate demand and lead to an expansion.
  B) increase aggregate supply and lead to an expansion.
  C) decrease aggregate demand and lead to a stagflation.
  D) decrease aggregate supply and lead to a stagflation.
  E) decrease aggregate demand and lead to a higher price level.

Question 2

In the figure above, the length of the double sided arrow is the
 
  A) consumer surplus.
  B) deadweight loss.
  C) producer surplus.
  D) economic loss per unit.
  E) economic profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


RRMR

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 29, 2018
Thank you


nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ... Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ...
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Use a full hand/flat of fingers to apply L stroke to face, below the eye and to the edge of the ... Use a full hand/flat of fingers to apply L stroke to face, below the eye and to the edge of the ...
Countries where malaria is prevalent today are located in the warm tropics and subtropics Countries where malaria is prevalent today are located in the warm tropics and subtropics
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Producing human insulin in E. coli Producing human insulin in E. coli
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library