This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When OPEC caused the price of oil to rise in the early 1970s, the: a. aggregate supply curve ... (Read 71 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
When OPEC caused the price of oil to rise in the early 1970s, the:
 a. aggregate supply curve shifted to the right.
  b. aggregate supply curve shifted to the left.
  c. aggregate demand curve shifted to the right.
  d. aggregate demand curve shifted to the left.
  e. price level in the economy fell.

Question 2

When interest rates rise, the quantity demanded of money held for the:
 a. speculative motive rises.
  b. precautionary motive rises.
  c. transactions motive falls.
  d. precautionary motive falls.
  e. speculative motive falls.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


cagreen833

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jun 30, 2018
Correct answers!


Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Early History of the Universe Early History of the Universe
Alan Price - Poor People Alan Price - Poor People
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Who's Policing the Food Supply? Who's Policing the Food Supply?
Tunicate larva (Ascidia), early metamorphosis. LM. Tunicate larva (Ascidia), early metamorphosis. LM.
Fossils of Some Early Eukaryotes Fossils of Some Early Eukaryotes
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library