An increase in the availability of an important major resource such as oil shifts the:

a) aggregate-supply curve to the left.
b) aggregate-demand curve to the left.
c) aggregate-supply curve to the right.
d) aggregate-demand curve to the right.


Ans: c) aggregate-supply curve to the right.

Economics

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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in quantity demanded are represented by a movement from

A) point a to point b. B) point a to point c. C) point c to point d. D) point d to point b.

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Using T-accounts show what happens to reserves at Security National Bank if one individual deposits $1000 in cash into her checking account and another individual withdraws $750 in cash from her checking account

What will be an ideal response?

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