If people suddenly start to expect the price of oil to rise less rapidly than the interest rate, the demand for oil ________ and the supply of oil ________
A) increases; increases
B) increases; decreases
C) decreases; decreases
D) decreases; increases
D
You might also like to view...
When a minimum wage is introduced ________ the equilibrium wage rate, the quantity of labor demanded ________ and the quantity of labor supplied ________, thus creating unemployment
A) above; increases; decreases B) below; increases; decreases C) above; decreases; increases D) above; decreases; decreases E) below; decreases; decreases
Subject to a few legal and practical restrictions, anything may be exchanged for anything else. The distinctive advantage of money is that ________
A) it is likely to retain its value, whether it is kept or exchanged B) it has little, if any, use other than exchange C) it can generate income while it is kept D) it is likely to be accepted by everyone in exchange for anything E) none of the above
Cost-push inflation can be shown on an aggregate supply aggregate demand diagram as
A. a leftward shift in the aggregate supply curve with no change in aggregate demand. B. a rightward shift in the aggregate demand curve with no change in aggregate supply. C. a rightward shift of the aggregate supply curve with no change in aggregate demand. D. a leftward shift in the aggregate demand curve with no change in aggregate supply.
If forced to choose, middle class whites would generally prefer as neighbors middle class blacks to poor whites
Indicate whether the statement is true or false