In the above figure, the economy would most likely move from AD1 to AD2 because of

A. an aggregate supply shock.
B. a depression.
C. a recession.
D. an aggregate demand shock.

Answer: D

Economics

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There are two sets of x, y points on a straight line in a two-variable graph with y on the vertical axis and x on the horizontal axis. What would be the linear equation for the line if one set of points was (0, 9) and the other set was (13, 61)?

Please provide the best answer for the statement.

Economics

The demand for reserves increases as the price level rises because

A. people want money to buy goods that will appreciate with inflation. B. people need more money to finance transactions. C. the opportunity cost of holding money increases. D. higher prices reduce the value of dollar assets.

Economics