Assume that the economy is at a long run equilibrium and oil ...

[dmcintosh]

Assume that the economy is at a long run equilibrium and oil prices rise. As a result, the ________ shifts ________.
 
  A) AD; rightward
  B) AD; leftward
  C) SAS; rightward
  D) SAS; leftward

Question 2

In the figure above, if the interest rate is 6 percent
 
  A) there is a 0.1 trillion excess quantity of money and the interest rate will rise.
  B) there is a 0.1 trillion excess quantity of money and the interest rate will fall.
  C) the money market is in equilibrium and the interest rate will remain constant.
  D) there is a 0.1 trillion excess demand for money and the interest rate will rise.

[tsternbergh47]

Answer to Question 1

D

Answer to Question 2

C

[dmcintosh]

Thanks for the timely response, appreciate it

[aruss1303]

Great answer, keep it coming