Author Question: Everything else remaining unchanged, a sudden increase in the price of oil is likely to cause a(n): ... (Read 109 times)

DelorasTo · **on:** Jun 30, 2018

Everything else remaining unchanged, a sudden increase in the price of oil is likely to cause a(n):

A) downward movement along the demand curve for labor.
B) leftward shift in the demand curve for labor.
C) upward movement along the demand curve for labor.
D) rightward shift in the demand curve for labor

Question 2

If the real interest rate is 7 percent and the inflation rate is 7 percent, then the nominal interest rate is

A) 0 percent. B) 3.5 percent. C) 7 percent. D) 14 percent.