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Author Question: An increase in oil prices will shift the aggregate: a. demand curve leftward. b. demand curve ... (Read 120 times)

bucstennis@aim.com

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


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