During 2008, oil price increases
A) did not shift the short-run aggregate supply curve as far to the left as similar increases had 30 years earlier.
B) shifted the short-run aggregate supply curve farther to the left than similar increases had 30 years earlier.
C) shifted the aggregate demand curve farther to the left than similar increases had 30 years earlier.
D) shifted the aggregate demand curve farther to the right than similar increases had 30 years earlier.
A
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If the Fed buys $100,000 in U.S. government securities from a commercial bank, the bank now has an additional $100,000 of
A) total assets. B) excess reserves. C) actual reserves. D) net worth.
The idea that the demand for money is a function of both income and wealth is part of whose theory?
A) Baumol and Friedman B) the quantity theorists C) Keynes D) Tobin