Author Question: An increase in oil prices will shift the aggregate: a. demand curve leftward. b. demand curve ... (Read 121 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
An increase in oil prices will shift the aggregate:
 a. demand curve leftward.
  b. demand curve rightward.
  c. supply curve leftward.
  d. supply curve rightward.

Question 2

The precautionary demand for money:
 a. varies inversely with the income level.
  b. varies inversely with the price level.
  c. is used as an insurance agent against unexpected needs.
  d. states that nominal income must exceed real income.
  e. is a classical concept in monetary theory.



jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

c

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library