Author Question: All else equal, if oil prices increase, annual oil consumption will ________ and the years it will ... (Read 53 times)

cool

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All else equal, if oil prices increase, annual oil consumption will ________ and the years it will take to deplete the stock of oil will most likely ________.
 
  A) decrease; increase.
  B) decrease; decrease
  C) increase; increase
  D) increase; decrease

Question 2

The change illustrated in the figure above is part of the transmission process of the Fed's monetary policy.
 
  As a result of the increase in the supply of loanable funds, in the short run aggregate demand ________, aggregate supply ________, and potential GDP ________.
  A) increases; does not change; does not change
  B) increases; increases; increases
  C) decreases; increases; increases
  D) increases; decreases; decreases
  E) decreases; decreases; decreases



ecox1012

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Answer to Question 1

A

Answer to Question 2

A



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