This topic contains a solution. Click here to go to the answer

Author Question: When OPEC caused the price of oil to rise in the early 1970s, the: a. aggregate supply curve ... (Read 101 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
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
Answer to Question 1

b

Answer to Question 2

e





 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

For a complete list of videos, visit our video library