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Author Question: When OPEC caused the price of oil to rise in the early 1970s, the: a. aggregate supply curve ... (Read 89 times)

cagreen833

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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.


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Sweetkitty24130

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

b

Answer to Question 2

e


cagreen833

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Reply #2 on: Jun 30, 2018
Correct answers!


Sweetkitty24130

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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