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 119 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?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Young adults usually grieve loss of a role, such as employment or the breakup of a relationship. Young adults usually grieve loss of a role, such as employment or the breakup of a relationship.
International Television Viewing Rates in Childhood In most developed countries, children watch TV International Television Viewing Rates in Childhood In most developed countries, children watch TV
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ... Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ...
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: Status Epilepticus

For a complete list of videos, visit our video library