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Author Question: _________ inflation can be explained by an _________ shift in the aggregate _________ curve. a. ... (Read 97 times)

tiffannnnyyyyyy

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on: Jun 30, 2018
_________ inflation can be explained by an _________ shift in the aggregate _________ curve.
 a. Demand-pull, rightward, demand
  b. Cost-push, rightward, supply
  c. Demand-pull, leftward supply
  d. Cost-push, leftward, supply

Question 2

Why do people hold money (currency and checking account balances), and thereby forgo earning interest or dividends from a financial investment?
 a. Some money is demanded for everyday transactions like parking fees, lunch, and buying groceries.
  b. Some money is demanded as a precaution against unexpected costs such as automobile repairs, speeding tickets, or temporary loss of a job.
  c. Some money is demanded for speculative purchases of stocks, bonds, or collectibles in case they become available at a particularly low price.
  d. All of the above are correct.


bulacsom

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

a

Answer to Question 2

d


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