The discovery of a large amount of previously-undiscovered oil in the U.S. would shift

a. the long-run aggregate-supply curve to the right.
b. the long-run aggregate-supply curve to the left.
c. the aggregate-demand curve to the left.
d. None of the above is correct.

a

Economics

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Suppose the interest rate is 5 percent. Which of the following payment options has the highest present value today?

a. $550 one year from today. b. $580 two years from today. c. $600 three years from today. d. $615 four years from today.

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The equation of exchange is an economic theory

Indicate whether the statement is true or false

Economics