When OPEC's manipulation of oil supplies in 2000 doubled the price of energy, according to the AS/AD model, the
a. aggregate supply curve shifted to the right
b. aggregate supply curve shifted to the left
c. the aggregate demand curve shifted to the right
d. aggregate demand curve shifted to the left
e. price level in the economy fell
B
Economics
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Tax credits are more beneficial to taxpayers than _____
a. exemptions b. deductions c. expenditures d. a and b e. a and c
Economics
For each of the following pairs of products, state which are complements, which are substitutes, and which are unrelated
a. Digital camera and memory card b. 7Up and Mountain Dew c. Swimsuits and flip-flops d. Tylenol and cat food e. Photocopier and paper
Economics